I'd say it's important to find out the details of the lease 1st.

Let us also say I am willing to carry the second position note for someone assuming the loan. details below on the property ( I will use a property I own and could theoretically do this with... though not planning to).

Purchase price: $150,000 Cash invested: $35,000 Sale price: $251,000 The address is 1225 Oak Forest Ct you can look up the full renovation details and pictures I did to the property brand new kitchen, Lvp, carpet and Bathrooms.

Please check biggerpockets.com/conference for more details as they are released. 

I pay 6% interest only on free-and-clear houses, and have also taken over mortgages, subject to the existing financing.A rental ought to be on your tax returns for 2 years before lenders use the extra money as income.  

@Ian Murray We would need more details..

I live in this market and have had some good experiences if you need more detailed information.  

I'll DM you our event details.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

I have a more personal approach when I dispo properties because I like to call my buyers before sending them the details of it so it takes me more time.