The biggest question you will have is what happens when this store goes belly up at the end of the lease.  

Ability to purchase with a 10% down vacation home loan allowed me to juice up my cash-on-cash returns, depreciation and principal pay-down.

In a fair and just world, you would be able to walk into your house with a shotgun and tell them to get out in thirty seconds or take a blast in the belly.

Here’s a reasonable example (eg I used realistic assumptions and didn’t try to juice the numbers to prove a point) showing that to pull $25k equity out of every 100k appraised value when you owe 50k of that already, the comparison isn’t 3% vs 5.5%, it’s 3% vs >10%.

So if it goes belly up they have little to no skin left in the game and are like - oh sorry. 

DSCR loans are like belly buttons...every lender has one...or in most our cases many DSCR sources.

Many times the juice is not worth the squeeze, menaing that know how much it will actually cost you in taxes.

However, some of the intro music is comical..makes you feel like a band of belly dancers are about to arrive.

You aren't going to squeeze any juice from a tenant who is making around minimum wage, so your TRUE recourse is non-existent whether they are established here or not.A ssn certainly makes credit/bg/eviction searches easier, but its not totally necessary.

I don't really have an answer other than your thought process  Belly to Belly.. that's what my Daddy taught me about real estate back in the late 60s as I was gearing up to enter the profession mid 70s.. its belly to belly get of the phone and talk to these people face to face... well now its get off the text and computer and talk face to face..