Conventional financing for this type of property is going to depend in large part on what the purpose of the purchase is as well as the specifics behind the property type.

I'd say it depends on the price of mentorship and what the mentor is really offering.

Honestly, the proper strategy at this moment would depend on a few factors that would be a bit difficult to get into on this board.

It does depend on a few things as you know like price, location, and the extra's like what's there like water. septic, electric etc.Do you have it posted on Facebook Marketplace and offered it to any agents or are you selling it solo? 

Depends on your input costs.  

I think it all depends on your situation.

DSCR) on a cash out refi is only like 0.125% to 0.250% max depending on the specific program. 

I work with plenty self-employed people that qualify in many different types of ways, for different loan types depending on your situation.

@Archie BarrettJust wanted to say that there are MANY reasons to consider a DSCR loan vs a conventional loan, not ONLY if you do not qualify for a conventional loan due to DTI.Possible DSCR Benefits:Can do cash out refi prior to 1 year seasoning of the mortgageCan do cash out refi with no seasoning of ownership (with some lenders)Can do a loan with much less paperwork (this comes more into play every time you add a property)Can close on a DSCR loan directly in your LLCCan have your DSCR loan not report on credit (depending on the lender)DSCR loans can be cheaper than conventional loans for many credit scores and down payments.

Hey Renee,It depends on your short term and long term goals.