I have a truck full of questions, but these 3 specifically keep my brain awake at night right now.

The backyard has a full outdoor kitchen, hot tub and a pool but... 

Thanks Dennis, I think you're right that planning for a more conservative return would be a good idea.I re-ran my numbers at an even more conservative level:Lower ARV: $800,000Lower income levels (I'm assuming it will take a couple years to get up to full potential income, but giving myself 3 years was a conservative estimate):Year 1: 50k (NOI $1,000)Year 2: 80k (NOI $31,000)Year 3: 100k (NOI $51,000)My ROI numbers come out to:1% (year 1) 46% (year 2) 76% (year 3)This scenario seems like an acceptable risk to me, when the upside seems far more profitable.

If you own the business, then it could be a problem, but if you work for someone else and get paystubs and a W-2, then you might be able to go with a conventional loan using full documentation.

If you found somebody willing to lend the full 100% in exchange for 50% even though you have no experience then you've got yourself a unicorn.

I am not sure if anyone else saw it:"Full and Liquidated Damages": This limits both parties to just the damages stated in the contract.

Generally, the biggest difference is that DSCR Loans often have prepayment penalties attached which typically will have a 1%-5% fee if you prepay the loan within the first five years so its the "risk" of having to pay a little extra fee if you sell or refinance the property pretty early on.PS - check out this series of 10 articles published on BP on all things DSCR Loans which can give you a full rundown on everything you would need to know when using this type of loan!

Should you decide to do this full time and do more than 1 flip at a time, private lending and fix&flip loans will be the way to go.

Read the full report here.https://lao.ca.gov/LAOEconTax/Article/Detail/265California may have had a $9 billion surplus.

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