There will also be closing costs to refinancing into DSCR.Lenders need 6 months to refinance a loan, anything sooner, you're probably paying a good amount of points / DSCR has to be rock solid.There also may be additional costs in maintaining your property.

One thing to be mindful of is the cash flow of the property as you get into higher LTVs.

It seems like you just really wanted this property so you let your emotions drive your offer.

Upon inspection the appraiser will see the crawl space and see it was a mobile home plus a HUD tag and public record.One of the requirements in mobile home financing is the property "Must" be on a concrete permanent foundation(in order to be real property) on top of that it requires concrete pillars, skirting and the "Well and Septic" dug and placed within legal distance from subject property.

@Damien Davis - I bought most of my properties when I had a W2 job. 

With that bank taking on the loans of all of our rental properties we decided that we were comfortable switching to that bank. 

Here’s a step-by-step approach:Market Research in Real-TimeGo to Airbnb, enter your available dates, and filter for similar properties in your area.

For the second property, I would expect to have to put money into it in some fashion.

I can provide support of checking in on contractors, staging rental properties, walk potential leads to give you an idea of the property in person or what the area is like, meeting with agents, and drafting scope of work for projects. 

The stabilized properties operate fine without me but the development side of the business requires me 24/7.