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.

They shake their head that we check out three or four separate times.

What I'm struggling with is the fear that the economy could take a turn for the worse and get upside down on the project, which I understand is always on the table but wanted to see what everyone's thoughts were as far as waiting or if it's better to just start as soon as possible?

Also the next time the tenant starts behaving unprofessionally, simply ask them to call you back once they've calmed down and hang up on them...or just hang up on them. 

How much down?

The cost per sqft goes down as you increase square footage. 1000 to 1200 is the sweet spot.

We are sandwiched between well known hot spots and its an ideal location for someone who wants to explore the beach life or any of the down-town areas nearby (Los Angeles, Long Beach, Redondo, Manhattan, Southbay Etc), new build with modern amenities, washer/dryer in unit, full sized fridge, dishwasher, professional range cooktop, queen bedroom, full standing shower, large kitchen, full sized couch in the living room, private front patio. 

As long as you have at least 20% down, assets for reserves + closing costs, and your rent covers the debt service 1:1 - it should be a green light just about anywhere.

Quote from @Jane Shehan: I live down in Cody and will be in Red Lodge tomorrow!

On a separate note, I do not believe this farm yard has any strategic value for them... it's in a very corner off of a residential road that wouldn't do any good for trucking down or anything like that.