We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

Based on your post and other comments, it sounds like your rehab is extensive enough that the property isn't habitable.

If you don't meet that 12 month seasoning requirement and/or want to hold the property under an LLC, a debt service loan may be a better option.

Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes. 

You can't decide which one to choose based on the minimal information you provided.

A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.

Don,Just curious why you think a company based in Las Vegas would be a warning sign ??? 

@Brian Shurtleff, of course, is way off base - not even close.

We don't bait and switch, we work deals based on actual details of the client's specific deal.

@Ram Go "Initial Debt" may or may not be the same thing as the current loan balance.