Sometimes, different lenders have different approaches to rental income calculations!

During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?

Quote from @Sam Walls: Hey Marcus, I work with a lot of investors in the Philly suburbs, and I can tell you that connecting with like-minded people in the early stages of their journey can make a huge difference.

The issues we’ve had have all been due to ACH info not transferring seamlessly between servicers after the loans have been sold to different banks or switched to different servicing companies.

Everybody is doing something different, and it does not mean it works for another person.

What's the difference between co living and shared housing?

You should take a break from buying if the deals don't match your buy box, you are out of money, or for several other reasons (partner isn't on board, over-leveraged on different properties, acting out of FOMO, etc.).

They're basically two different skill sets and it's fallacious thinking to assume you can do one because you can do the other.

Lenders can have different loan options based on the property type and the amount of rehab (if any) required for the project. 

How long it takes to be financially ready is different for everyone.