Quote from @Cosmo DePinto: When applying for a DSCR loan, can you base the rent off a section 8 tenant?

I didn't see anywhere that you posted what they said ARV was, or what you think it is based on comps...the County assessment has no bearing whatsoever on value.

I wish I could find a STR rental without an HOA, but I'm looking primarily at 2nd or 3rd row from the ocean condo complexes and they all have HOA's.

Working with a private lender can indeed come with challenges, particularly regarding qualifications and funding structures.For your cosigner, they typically will need to be a member of your LLC and the private lender will want them to hold 51% - depending on lender of course.Compensating your cosigner fairly is based on what both parties believe is fair.

I'm more than happy to take a look at the adress and give a Rental estimate based off the current Market if you'd like, just send me a PM!

.✅ Do your research to learn what is realistic.Spend time really considering what type of business is going to be the best fit for you based on your experience and how you want to spend your time once you are the owner.

Hi @Daniel Carrillo,Just based on conversation had at various conferences I've attended I think we will see some increased activity later this year.

The property is likely a little too expensive for me to qualify for with a conventional loan based on DTI.

In many cases - properties sell for MORE if there is a vacant unit (especially if it's ready to rent) as you can market the property based off market rents as opposed to lower, inplace actual rents. 

My base income is ~$95k per year.