I can not fathom how you were not informed that this was a DSCR loan and you should absolutely inquire about the specifics such as whether your are IO or not and the pre payment penalty. 8.4% is high in todays rate environment, even for DSCR.  

We then wholesale it to me, I get a mortgage (I've been pre approved by several companies for 500k) for 400k and take possession as my primary residence, pay back the hard loan, (350 all in for 9 months) and split the difference.

Having all your financials, documentation, and pre-approvals in place allows you to act quickly when an opportunity arises.

This “thing” about Ohio being a great investment opportunity pre packaged by real estate companies has been on going at least from 2004.  

Preying on people in pre-foreclosure to buying their home is "helping them out".

I'll be getting there on the 5th as well and would love to do a pre-conference meetup!

My project in Oregon which is a move up product 700 to 1` mil  I am selling them pre sale  NO incentives and sold as many as I could build this year.. and same for the last two years..

If you're already pre-approved, I would recommend verifying that your lender can service a non-warrantable condo and is keeping the loan in-house.It's completely normal to second-guess a decision like this—there's always some speculation involved.

I am simply pre-planning should I have a tenant move out in the future after their lease expires and they don't want to renew.

I am working on getting a pre-approval and hopefully will be picking up something this year!