I checked his 2 year bank statements and looks fine. 

@Henry BaghYou can start with local lenders and local banks and even credit unions some have DSCR options.

It's actually the bank who's buying it, facilitated by the desire of the "buyers", so this is the important sale, the appraiser.

Hey Guys!,This situation might be very specific but I am needing help solving this issue.I have someone who would like to sell me their Airbnb House they currently have it under a VA Loan with the Local housing author...

Also from researching I was told if there are mortgages on a property at a tax sale the bank would step in to protect their investment and pay the taxes to get the property.

I do have sufficient cash of our own in our bank accounts to show we could cover the mortgage for ~6 months if it was unrented.  

In the jurisdiction where this guys property is, rent is not late til after the 10th of the month.

One of the most enticing aspects of DSCR loans for investors is the lower documentation, paperwork, and overall “hassle” when compared to more traditional lending, including conventional and bank options.

This was a bank auction.

Quote from @Jamie Banks: Personally I wouldn't get into an investment that only provided a 5% CoC return.