And when doing inspection prior to auction someone was working on the house rehabbing it.. we bought the first showed up and the folks working on it had bought a second and had no clue on the first and did pretty much the full rehab out of pocket and now lost it all.. 

@Emily Schultz use the BP rental calc.

@Frank Pyle yeah, this is pretty normal and the type of home you use isn't of consequence. 

My question would be becoming a qualified assisted living operator and the certifications / licensing per your state (For me Texas) to get your property up to code?

What would be considered the easiest program for small hard money lenders to use to track loans and history and sending out 1098 's?

Also, have a back-up plan in case the market turns and you can't sell for the price you anticipated.

New drywall, mechanicals, windows, electrical, roof, siding- essentially new from foundation up. 

It's not easy in DFW right now due to the price runups over the past few years and now slowdown in the market.What price range do you want to be in?

So I disputed the additional charge. 

The answer is yes, 2nd lien DSCR loans exist and more than one lender can do them, but you would probably have to up your credit score to be able to get up to a total of 75% ltv between 1st and second lienOtherwise, you would have to get lucky on a favorable appraisal.