Pretend there are no closing costs, etc, so they just have the $200k that they’ve been eagerly saving for years to buy their $1M house.

Quote from @Andrew Montgomery: I just turned 50, I've worked a great W2 for 26 years in tech sales/mgmt and managed to save $3M across 401k ($2M) and Stocks ($1M).

holy cow 180k in interest on a 90k loan.. save up the 90k and dont borrow anything.

Their questionnaire to pre-screen potential applicants meant to save them from wasting time showing the property to unqualified people.

I think more people do not understand the risk of seller financing. all the people I see applying for seller financing could not get a visa card there credit is so bad and there savings is from the pennies they find walking down the street. 

I want this to be a vehicle for my wife and I to gain financial freedom and grow a portfolio to support the lifestyle we want when I retire. 

So I have been having a lot of trouble getting a cash out loan on one of my properties I own outright, and I thought DSCR lending was going to be my saving grace.

Also I do consider 8+% CoC plus appreciation a success - nobody is retiring on 2 STR purchases anymore.

But with sub to you need to be very well capitalized in-case the loans gets called or something else happens with it and you need to retire it.

Yes, you will save on the PMI but youll also be at 2%+ higher rate.