A lease was signed on 1/4/24 but no payments have been made by HUD yet this year.

The rates are competitive, but they require a larger down payment, usually around 50%, but your client could get in a great 3 fam in Bushwick, Bed Stuy, etc. 

Although I’d like to do a large dscr loan and get 4 to 5 three and four bedroom units, I’m likely goin to start with just one quality property in order to establish proof of concept to present to future down payment partners or private money lenders.

I am currently pre-approved for 300k with the VA loan, willing to put a down payment if i see a deal a bit overbudget.

I figured I could set up a PA LLC and either have the money directly transferred for payment during settlement or gifted to me to make payment.

I would like to credit back a portion of my buyer's down payment on a house, say a few days after closing.

Divide that $8,000 by the 12 months of the loan, and your minimum monthly interest payment would be $666.66 per month.  

The Down Payment can be higher, but the DSCR program can go up to 80% sometimes 85% depending on several factors like; Property Type, Location, Credit, Cash Flow, and Lender. 

@Tracy ScottLike @Wale Lawal alluded to ... the cost to buy a house-hacking property here in Colorado (or anywhere) are really no different than the costs of buying any property, regardless of your use.Upfront-- You've got down payment and closing costs (1-3% of loan amount). -- Inspection (maybe $500) and appraisal ($500-$1,000 depending on market) -- Any furnishings, if you plan to furnish it.

Now my monthly payment is around $2150 and the house is rented for $2500 to another investor who is renting it by the bedroom.