Now, if the borrower made payments for 9 months, defaulted again and you said you'd take 94,652, that's a horse of a different color.

Plus, just the Holding cost for one month at say 7% of $50mm is $3.5mm just for one month.If you're in your 4th year of school or the trades, do you have both of them covered? 

The cool part about house hacking it too at 100% VA disability is I won't be paying the taxes on it while living there so that offsets the monthly cost a bit until I get something else to rent it out fully.

I tried rent at $1500 for each unit and it still cash flowed at $282 per month.  

or ways to reduce our expenses on mortgage every month. we both make about $105k each yearly. but with us planning to have kids in the future, she may stop working.Any advise is appreciated THANK YOU!!!

Fully occupied, the property grosses $5,570/month with $4690 net profit after expenses.

Because they aren't traditional tenants in the sense with a 1 year lease and to determine fit for the house, I like to start everyone on 2-4 month leases and see how they perform.

The combined revenue as LTRs, however, would be about $3000/month.

The top funding DSCR lenders in the US in dollar and number of deals order:ChangeFairwayAngel OakA & DAcraNexBankRCNStronghillKennedyThey all have reserve requirements that exceed 3 months.

None of that is free, but probably well worth $30-$50/month or whatever they charge.