Hi Eric - As you can see from the comments, it is up to individual discretion to call DSCRs "no doc" loans or not.Investors are drawn to DSCR loans due to their simplified documentation process, which offers less paperwork and hassle compared to traditional lending options like conventional and bank loans. 

Some other reviews claim that in fact they didn't get all the answers for their $1495.00 training and that USTLA was trying to high pressure sell them on a elite package between 25-33K, in order to get those answers. 

Go on up to TOOLS at the top of the page and click Lease Agreement Packages.

Secondly, I think your better off trying to push for a larger concession package (Free Rent, Tenant Improvement Allowance) than you are trying to beat them up on their rent.

You agree to pay an additional $200.00 lease violation fee each time we determine, at our sole discretion, that smoking has occurred in your rental unit, due as Additional Rent.

This is at the appraiser discretion if she/he thinks the repairs needed effects the value in anyway or not.

Hi Michael,The property will have to meet all of the VA's minimum property requirements, if you want a complete list, they are outlined in Chapter 12 of the VA lender's handbook: http://www.benefits.va.gov/warms/pam26_7.aspAlso keep in mind the appraiser has discretion to call out repairs outside of the MPRs if they feel there is an issue that keeps the home from being safe, sanitary and sound. 

Quote from @Alicia Zhao: The BP package includes a Lease Extension form.

The identical rates of change suggest that, although rents drifted downward, landlords have avoided increasing the relative value of incentives packages used to attract and retain lessees.

Seller wants to do owner finance, and has given me discretion on terms.