If you're strictly buying turnkey properties and financing with DSCR loans, keep in mind that you'll typically need to put down 20% or more, and because of the higher LTV, you’ll often get the highest interest rate available for your credit bracket.

All of which nothing will help him because the loan is still in his name. 

We maybe be able to get you an owner occupied loan faster than that. 

Seasoning for conventional loans is 12 months, but DSCR is really competitive right now and YMMV on seasoning for those.

Hi, I am a realtor with about five really good lenders and two that have every investment loan possible. 

Scaling up doesn’t always require 20% down—house hacking (FHA or 5% conventional), DSCR loans, seller financing, and the BRRRR method can help you acquire more properties with less cash upfront.

For your mortgage, a 30-year loan will give you lower monthly payments, which could be ideal while starting out.

The area has seen growth in both the residential and rental markets, making it a potentially lucrative investment.For financing, you can explore options like conventional loans, FHA loans (for owner-occupied properties), or even local programs that might offer lower down payments for investment properties.

Too large to be a normal convention loan, but not big enough to be tasty for an investor that wants some size.

(You said you plan to buy it for the amount of the loan, not the value of the property.).