As an investment, I have had my clients use a DSCR loan before but even at that it doesn't seem to make sense with the numbers.  

On the 1099 securities form it shows about $4k gains.

What are your scenarios looking like for property type and loan amount ranges ? 

Buyers were able to secure properties in their desired destinations of Manzanita, Arch Cape and Yachats Oregon. 

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

This will help you to communicate with the tenant regarding maintenance requests, demands for service, handling maintenance and repairs during the tenancy, what the tenant may owe during the tenancy, handling security deposits and claims, etc. 4. 

I will assume his loan and he pays me his mortgage, plus a little extra.

Does the security deposit go to the new owners at closing, and does the tenant need to sign a new lease agreement?

Our security protocols have flagged these items for fraudulent activity.

The current loan balance is $235k with a 5.12% interest rate.