For instance, a lender might require a minimum DSCR of 1.25, meaning the property's income must exceed its debt obligations by 25%.Significance of DSCR LoansDSCR loans play a vital role in commercial real estate financing for several reasons:Risk Assessment: DSCR provides lenders with a quantitative measure of a property's ability to generate income and repay debt.

In other words, if the property is habitable and no longer dangerous and someone could live there, it’s probably also ready for lease.Once the property is in service you can finish the renovation and deduct some of the costs as repair and maintenance expenses in the current year.

If the property is in a habitable condition at the time of purchase, and will have an income that can support the purchase price, these are a great option for many investors as long term permanent debt.Where I think the waters get muddiest is with people seeking "gator lending". 

I want to be able to be an example for myself and my family especially my sons and pass on the knowledge and inspiration to continue with creating positive habits when it comes to money and investing in properties. 

This sounds tricky - I recommend talking to a ledner (many are on the forums here, hopefully one will answer).It is vital that you be careful to avoid mortgage fraud.

It's vitally important to know who you are working with, and have the history of the players involved.

*Sarcasm*I don't know why but I have a habit of getting burnt on CL and then going back and doing it all over again.

It is vitally important to have good clear communication with your business partners, investors, vendors, property managers, etc...

And to reiterate, building your out-of-state team is going to be vital to your success investing OOS.

It’s a low income neighborhood with lots of development going on with non-profit organizations (Habit for humanity and Metonia) for the income range your looking for.