-Administrative Burden: Managing substantial services may require more administrative work and potentially higher costs in terms of time and resources.Some investors do use creative strategies to maximize tax benefits, but this particular approach of converting long-term rentals into an active business reported on Schedule C while providing substantial services is less common.

https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?

In the new scenario I would end up with more than 4 lots and most of my money tied up in the development of the neighborhood.

Hi Sonia, DSCR loans are very common for foreign nationals mainly because of the benefit of not qualifying based on income.

However, for commercial properties in Colorado Springs it is common to see deals trade at a 5% cap rate.

I think the more likely scenario is that it is drastically overpriced. 

Mike,Lots of things to consider in this scenario. 

Do you want to resolve that.  1000 more scenarios besides that one.   

This is common with renters coming in from out of the country or renters who refuse to share their SSN.I double checked on SmartMove if you can run a report on an applicant without a SSN and it says, "At this time, SmartMove only has the ability to process an application for renters who have a valid U.S.

Property Condition: Consider any repairs or updates needed for either scenario.