Respect.

I am straight shooter so have tremendous respect for people who are as well. 

It doesn’t typically matter if you own the property or not when asking for bids but it’s respectful to tell them if you don’t own it.

I can not fathom how you were not informed that this was a DSCR loan and you should absolutely inquire about the specifics such as whether your are IO or not and the pre payment penalty. 8.4% is high in todays rate environment, even for DSCR.  

I would assume this is not something someone would have a goal for as their living environment, but would have to settle for it due to their low income. 

It's awesome you are considering where you want to be and flexible with that.I'd look at your high growth markets, where there is a diversified economy, job growth, income growth, population growth, business friendly environment. 

We have found that most owners are very respectful of our place.

I once had a client in a similar position, and we broke it down together to see what made the most sense for him;l especially considering his W2 income and the current interest rate environment.

This is a lot of land so also keep in mind the logistics of how guests will arrive to their respective sites, parking, guest interaction, etc.

Within two months, they were causing disturbances, fighting with neighbors, and creating an unsafe environment for other tenants.