If you own a rental property financed with a DSCR loan, the income and expenses for that property must be reported on your tax returns, especially if you own the property personally or through a pass-through entity (like an LLC taxed as a sole proprietorship or partnership).Lenders will review these returns and account for any debt obligations associated with your investment properties, regardless of whether they appear on your credit report.

Also, with current interest rates, the BRRRR strategy is almost impossible because even with lower average property values, the rents are also low and the ratio prevents the ability to refinance all of your capital out and still cash flow.

There are builders that are offering really low rates.

Expenses call it 16k.

@Nathan Johnson "Our savings are minimal, since teaching isn't very lucrative and life is expensive."

Often little cute items impress as much expensive items. 

Mom and pop keeping the MHP forever and passing it onto their heirs who keep rents artificially low forever.

Expenses will be higher per unit cost and income ratio than in 100+ unit buildings.

Also, VA loans allow for 100% financing with no PMI, and are more forgiving in low/moderate credit score scenarios.

.- Subject To – Take over their low-interest existing loan.