hey @Shaydon Childersmost responses are right, this will be challenging for traditional DSCR as they dont like gift of equity; and seller credits would be capped (usually at 2% of your purch price) and only allowable to be applied to closing costs. i have one lender (specifically for 1-4 unit investment properties) which will allow for up-to 90% CLTV... and they are okay with seller financing so long as the seller is in 2nd lien position, allowing them in first lien position. they would max at 75% LTV on their 1st, with a 15% allowable seller-carryback (90% CLTV), and then up to 3% seller credits toward closing costs too. they offer 30 year fixed rates, however, due to the added risk for the lender, the rates are going to be much higher than the traditional DSCR loan.

The property is an existing STR and the historical P&L data is solid.

Trusts do have benefits, but the costs for you at this juncture may outweigh those benefits.Often times, what people truly want is to just be protected in the event the unforseen happens with the property, and thus, a solid, robust insurance policy is often the most cost effective route at this point.

I have seen some solid deals at online auction sites, but I am not sure how to get started.

thank you both for the responses, and I will welcome more input from other.

Thank you so much for your responses.  

It is a slow growth process to get comfortable debt and with responsibility.

@Samuel Diouf Thanks for the response.

Unpopular response: Didn't he verbally tell you it'll cost $30K? 

The tank holds the solids to allow them to settle and break down .