I rented some after they were updated and sold some. 

Some of the other lenders mentioned in this thread are more so private lenders / hard money lenders and while they may underwrite based on DSCR, I don't think it is the DSCR loan you are looking for.

If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 

Very similar to properties in Oregon we've sold and for sale.

Maybe he's talking about a private money lender??

I have deals needing funding and want to ensure I'm structuring them in a way that's competitive and appealing to private lenders.

--------------------------------------I don't think it prevents you as an owner from initiating the action.Personally, I wouldn't have any moratoriums on private transactions.  

In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable. 

Personally we recently sold one of our properties with the sole purpose of paying off a loan of ours.

It looks like iowa regulates the transfer:https://ipropertymanagement.com/laws/sold-property-security-...Even if you don't have specific language regarding the security deposits if the leases transfer I would expect the security deposits to transfer as part of the lease.