I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

The second option is that she go to court, where she will lose, you get a judgment for everything owed including cleaning and repairs, and then you send her to collections where it will prevent her from qualifying for another rental, getting a car loan, etc.

This way we know its a good chance they should qualify before wasting any of our time showing units. 

Quote from @Robert Cucino: Quote from @Tanner Lewis: Those look like pretty solid returns on the surface level, if you decide to go with DSCR, you can qualify the deal with AirDNA projected income even if it is rural. yeah i talked to dcsr lender in area, they do 80 LTV.

These days, I'm only doing 1-yr prepay DSCR loans anyway because I expect rates to go down to where I'd want to refinance within 2 years.The other thing I did was beef up the monthly rent so that I could better qualify for the DSCR loan (but you need to use a lender that uses actual rents instead of market rents). 

Happy to discuss the product and see if you qualify.

I would say credit partnership meaning that someone allows me to use their qualifying credit to qualify for financing at the same time they are an equity partner on the deal who I split profits with? 

What I will do is attempt to find a QUALIFIED substitute tenant, credit the original tenant with the rent paid by the new tenant LESS one or two months fee for the extra work and effort, but I will NOT release the original tenant from liability should the substitute tenant default.Look, the bottom line is that renting to tenants is a business, just like any other business.  

I definitely qualify for a good chunk, but trying to decide if it's better to get an interest only HELOC or a P and I HELOC.

@Theresa Rivard Typically, to qualify as a guarantor for a DSCR loan you will need to own at least 20% of the borrowing entity on title.