We are responsible for the mortgage as of January 1 - but it's come to our attention that they stopped paying it back In October 2024.

While we were onboarding the property to the system and trying to figure out the automated sprinklers, he was out there every day watering the lawn by hand, stopping the buck and taking personal responsibility. 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

CA, stopping doing fire breaks because it messes with a mouse.....

Youre right, but if you are doing the work yourself it can be daunting because the buck stops with you and having that responsibility on your plate 24/7 every waking hour of the day and putting in 12 hour days, it can be rough.

Remember, the learning never stops!

You have to be ready to make 3-6 months of payments on the mortgage yourself after they stop while you try to foreclose/evict them.

You are correct, it is common for DSCR lenders to require the borrower to be a business entity in Florida, and some other states sprinkled across the US.

We've also advised this method to our investor clients that borrow from us.

Would the buyers/borrowers be purchasing with the intent of putting a mobile home on the property and making it their primary residence?