You qualify due to their experience and then now you have that experience too.

Do you have an idea of the long-term rental amount, and would that be sufficient to meet the DSCR ratio needed to qualify for the loan?

Spruce the place up and find a new, qualified renter at market rate.Don't forget to update your lease agreement.

I'm a 23 year old military member and will be a veteran within 2 1/2 years :) and I qualify for a VA LOAN.

Plus, multifamily properties often qualify for owner-occupied financing options with lower interest rates and down payments.As for timing, here are a few things to consider:Market Conditions: Keep an eye on local market trends.

This being said, I don't believe we'll be able to meet the income requirements to qualify for a conventional.This leads me to believe hard money or private lender is more the only option to get my foot in the door, use my business to make repairs at very good rates, build some equity then refi once the balloon is due. 

Do DSCR loans qualify if purchasing through 1031 w/debt-carry-forward requirements?

As an example, DSCR is based on the DSCR ratio and qualifying Rent to PITI ratio.

We have a shortage of qualified applicants and conventional renters, which was created over Covid 19.

They have no cash to qualify for a rental or even pay for the move.