DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

You will see that most of the non residential construction is in Shrewsbury and Millbury simply due to taxes. 

Mortgage $2600 -cashflow calculator $350+  (didnt take HELOC payment into consideration) Question #1...

Think about going to see there office most lenders do the appraisal and when its done they charge you .. they dont have you send the money up front.. but maybe some do.but worse case scenario if they don't fund your only out 950.00 but many do this and also have non refundable EM thinking the deal is going to close and they lose that as well. that's why reputable lenders are very important to keep you from losing 1 to 5k on a fake lender or more  and again I have no clue about this company.. just say in  how the fake lenders operate and what your risks are 

We current have about $500k in equity (down payment and loan pay down).

@Dennis Gallof In addition to the safety concerns ....Good luck trying to evict a non paying tenant in an illegal apartment. 

Your payment makes it harder to rent out if you did move out.

*One quirk that made financing more complicated: the banks got nervous when they saw that just two people (the investors I mentioned earlier) own more than half of the 48 units, and wanted a big down payment.

I know of at least 2 houses in Morris County (one in Wharton, the other in Succasunna) that had more than $50k in oil remediation costs.As far as reimbursement, last time I looked (recently), there was a 4 yr. backlog in payments. 

Increasingly Non-QM or non-conventional lenders (not Wells Fargo or Citi/Chase) will offer International investors financing from 65-80% LTV on SFR & Condos and 65-75% LTV on 2-4 units.