Thing is, I will need to go DSCR loans from here on out or just stop buying new real estate altogether.I would say the main risk is being aware of the prepayment penalty.

lima one does spec loansbuilders capital.they mainly rely on experince they want to see you have done 2 or 3 in the last few years.. 

Usually OH and IN are the two main states they I have seen booming business in for 204 unit REI's.

You can learn these things over time.Take note, Due on sale clause isn't even one of the main concerns.

It is clear from the interview that their main skill set is raising money and they partner with other "Co-GPs" who focus on the operations. 

Thank you Brett, mainly for properly reading my inquiry and genuinely trying to help me.

What you seem to be missing is your main need is an accounting system.  

The main reasin is for a better clearance of liability. with you editing a signed contract, that has a high Probability of letting a tenant be able to void the contract and it actually happening.

The main condition was I had to have the downpayment (20%) first, close the deal, and then execute the owner financed 2nd mortgage. 

My family has been active in the Las Vegas real estate market since 1989 working mainly in single family rentals.