@Jason Fitzwater for me, it was personal use (limited) and the ability to go up on a weekend and tackle smaller projects.

Those are the biggest things that will protect while you are getting started on this project

My project in Oregon which is a move up product 700 to 1` mil  I am selling them pre sale  NO incentives and sold as many as I could build this year.. and same for the last two years..

Hi Rocky,It sounds like you've already made great strides in your real estate investing journey, with some diverse projects under your belt.

@Daniel Brundige Seems a big project if you are starting out, usually people start with smaller ones to get to know the contractors work  etc

Best of luck on your next project!

This included projections for taxes, insurance, and other fees from the lender.

I actually WISH DSCR Lenders would consider the income projections based on operating a Recovery Residence!

Purchase price: $248,955 Cash invested: $90,389 Sale price: $387,500 This was a fix and flip project located in the vibrant city of Aurora, Colorado.

A DSCR product is what you are looking for.DSCR simply doesn't take into account your personal income, instead we qualify the loan on the properties rental income (or projected rental income).Your credit, properties cashflow, loan to value & prepayment penalty are going to be the main determinants on what this loan looks like for you.