You might find something that fits your needs.

How much equity do you have? 

Most mortgages aren't "assumable" (able to be transferred) and even if it is the new borrower would need to qualify the same as the original borrower.

You'll definitely need more time to get things processed.

Try to put a bigger down payment in than you might need to give yourself some breathing room.2.

If you plan to get a turn-key property, there really isn't a need for a PM.

I think the important takeaway is that you need to know what's going on in your local market.

In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

Quote from @Chris Seveney: @Jay HinrichsI wonder as a broker if they needed to have a surety bond and could collect against the bond. most likely but its a small amount.. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).