During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?

In some instances the estimate may be less important but rarely if ever do I not see a requirement for no appraisal unless the value is 4x the loan amount.

It is easy to underestimate the timeline.It is easy to underestimate loan costs.

In today’s competitive real estate market, where inventory is tight and opportunities seem few and far between, many potential buyers are overlooking a game-changing option: renovation loans like the 203(k) and HomeStyle.

The agent also stated that because the seller is behind, the loan cannot be assumed.Questions for the Group:Is it true that a VA loan cannot be assumed if the seller is behind on payments?

There is one other explanation, being over extended.

I am in Sandusky and have a mixed use multi parcel loan with them.

We are going to solve problems that we only dreamed of solving.All this will result in grossly extended health spans and lifespans.

I also can't financially float three or four $400-600K conventional loans. 

No, you cannot purchase a home with an FHA loan via an LLC.