I even have DSCR quote that I'm using for loan information. 

So for these locations, leasing to a car lot is a “tax payer”; no cash flow just enough rent to cover the insurance and property taxes and perhaps a moderate loan service.  

@Jay HinrichsThat lender yes made a very bad investment which I am being kind with those wordsI have a non performing loan in BK and a person gave this person $60k loan unsecured while they were in bankruptcy and never even ran credit or checked on his backgroundShe now wants to sue for fraud which great your suing someone in bankruptcy - the money is gone.

. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?

He has hard money loans on the house that he cannot pay off.

We live in the greater Seattle area, WA, and just got pre-approved for a loan.

I would highly recommend looking at the 10% down second home occupancy loan for financing.

Tradition land loan What was the outcome?

The fastest way to scale and the way that I have been scaling now is by doing multiple BRRRR using hard money loans from Wildcat lending and literally just refinancing them into DSCR loans. 

Research financing options like conventional loans, FHA loans, owner financing, or private lenders.Good luck!