Hi Kolin, Yes, assuming the property debt covers at a 1.00 Ratio there are many DSCR based lenders that can do this with 90 day seasoning and a few with no seasoning requirement at all.

Can never cover your bases enough! 

As someone who occasionally works with these investors, I always try to emphasize the challenges that come with real estate like managing renovations, dealing with tenants, and navigating market fluctuations.

Very difficult area to be a landlord.Tenant base is lifer tenants. very tough on the housestheft is rampant you leave a home vacant for more than a few days and you HVAC AC unit will take a walkKids break in and trash them.YAZOO Clay screws up the foundations big time.And lastly with those homes they were built so cheap in many instances they are just functionally obsolete and take way more maintenance than other areas of the country.

You need to understand loan to value  and seasoning requirements before you buy based on your ARV.

Okay yeah its probably an estimated sewer bill based on historical usage.

You would first have to verify if this allowed based on your current zoning, if not then check to see if you are in a pilot ADU area. 

(Spark Lending) based out of houston Tx but they lend all over the country.

Based on what I am seeing, that does not sound safe.  

Franklinton, Southern Orchards, King Lincoln, etc... my brother lived on cypress and within 2 years had his car totaled by a drunk driver and his rental property a guy turned into a daycare. a tougher market for sure. king Lincoln and southern orchards are great. new builds in 43206 are sky high right now and king Lincoln too. my favorite three zips are 43206, 43205, 43203 and I'd call them way better than C+ based mostly on existing price per door of multifamily, price per square foot of new construction, new construction and development activity / interest, and a few other factors but mostly what you can charge for rent.