So if you want to get into contract make sure that you negotiate an extended or contingent closing to accommodate the sale of your old propertyAll good options - And I'll reach out via pm.

Investors normally get there payments on time, most of the tenants stay for long periods of time because if they move it is a hassle for them, and since section 8 requires that the property stay in certain condition it will help keep the maintenance costs down. 

Additionally, the Villages are close by and with an aging population it attracts a lot of healthcare field workers.Now, with a lot of rental properties you may run into slightly longer vacancy periods if you have a unit turn at the same time as others, but generally speaking renter demand is solid. 

You have excellent advice here from some people who didn't just get their knowledge of investing through a low rate, real estate risk off period.

Almost all DSCR loans will have either A) a prepayment penalty which prevents you from selling or refinancing within a given period without paying a cost, or B) a combination of higher rates and points to offset the lack of a prepayment penalty.

You should be able to pay off the loan anytime during that period, without any sort of penalty.

Never in the history of the Federal Reserve have prices gone down for any notable period of time.

Shop LTV (or cLTV which is combined Loan To Value, basically your first mortgage and 2nd mortgage combined loan to value), rates, payment terms, time to close,  and draw period (how long you can go into and out of your heloc). 

@Jonathan Greene and @Mike Grudzien I agree but I was hoping to hear from some certified appraisers and if they would comp leased land versus owned land in an appraisal.Jonathan, you are guaranteed the land through the current lease period, but not guaranteed of a renewal.  

But, if you do evict AND they request a hearing then the judge MAY interrupt the partial payment as acceptance of rent and therefore you would have to start the process over at the beginning of the next payment period.