Also remember just because a loan may qualify as being assumable the lender will go through a thorough underwriting process to confirm you meet eligibility for the loan.I have seen a guru teaching people with poor credit to go after these types of loans and it’s unfortunate as many would most likely not qualify.

Basically you stay working there and rollover funds into another qualified plan.   

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

Tell tenants "if you don't apply, qualify and get assistance, you can be evicted".

To add to @Patrick Roberts post - this loan type will require you to qualify with income and liabilities = DTI ratio, which will include the rents you pay to your NV home.

Your first step will be to talk to several lenders to find out what you qualify for.

@Shelby Ek Do you need to activate the utilities in order to qualify for the loan you are getting?

One of the key benefits of a DSCR loan is that it allows you to qualify based on the rental income the property is expected to generate, making it ideal for those with multiple properties or who may not have a strong personal financial profile or W2.

Based on all the books I'd been reading, this seemed like it should qualify as a "good deal" but I was not convinced it would apply to manufactured home which led me here.4.

I don't care if they are qualified or not.