Or included.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

The application includes a background report and credit report.

A quick eye ball measurement tells me the total counter SF including the backsplash is no more than 24 ft of material.

Apparently, the contract I executed included a clause for PMI for the life of the loan.

For about $300 including delivery and removal of the old appliance, I can have a replacement used washer/dryer in place for a tenant in 0-3 days.

@Tom ServerI think that the 203k is not a good fit for your scenario because you are buying the property with cash and the 203k is a mortgage loan that includes the purchase price + the rehab costs.

Is that just the origination fee or does that include other items?

While seller financing offers numerous advantages, including tax benefits and continued income for heirs, it seems he's set on selling for cash.

I would put in writing a request for all communication from the property manager including the caseworker name for the tenant and name and phone number of your tenant (if you don't have) and start contacting them directly to find out what's going on if your PM company isn't being responsive.Good luck.