Village to Village Network (https://www.vtvnetwork.org/) and Men’s Sheds Association (https://usmenssheds.org/) are successful models of people building community to improve the aging experience.So drawing on Dr Thomas and Nancy’s work and incorporating cohousing and pocket neighborhood elements into my communities, I have chosen to use shipping container homes in areas along the Texas coast where storms frequently cause wind and water damage.

The DSCR ratio is calculated by taking the rental amount (either from a lease or the 1007 page of an appraisal) divided by the new monthly PITI mortgage.

I'm getting a contractor/ structural engineer to come by and help me draw estimates and understand how serious these issues are.

Divide by 2 for the both of you.  

We are planning on getting a partnership formed and just 50/50ing the down payment to assign 50%/50% equity on potential houses while dividing up roles.

What I did find is that as a builder in eastern tennessee, I could build STR cabins for less than 70% LTV so that I could effectively BRRR my way into growth without coming out of pocket for a down payment.Now it does take a lot more cash to do because as a builder I have to front a lot of money at times (land, permits, each stage of construction while I'm waiting on the draw). 

Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.

The market seems to have a lot going for it with the beach, the lively downtown, the historical appeal and the night of lights draw during the winter months.

So you take the "total rent" from all units and divide by the ARV.

If you go with a conventional loan for the cash out refinance, seasoning periods are longer which draws out the process.