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).

Increase your earnings, reduce expenses, save up, and invest.

With the FHA loan you won't need a huge amount of your savings.

True, converting a personal Schedule E to a partnership will indeed reduce your IRS audit chances, statistically speaking.

What would you save in captial gains on the $360k if you sold now?

.✅ Plumbing – Detect leaks or hidden damage before they escalate into major expenses.A small investment in a home inspection can save you thousands in unexpected repairs and help protect your bottom line.Do you get a property inspected before making an investment decision?

I predict that the substantial home price cost savings and greater control they enable the buyer to have will make them grow in popularity.

You will learn a lot on your own home that will save you time and money on investment property.

This way you are trying to get top dollar for it but are also going to be notifying those who have saved the property every time you drop the price. 

Since you already own the land, you’re saving on a significant expense that often makes mobile home rentals so attractive.