. $150-200k to rehab the home.What is the best way to secure the loan?

It would make a nice package for a DSCR loan.

Hard money loans are crazy at this point and the numbers don't check out with a hard money loan.

I also require:Rent + Monthly Debt <= 45% of GROSS monthly incomeExample: So, someone making $6,000 per month ($72,000 per year) meets the initial income requirement BUT if they have a $750 car loan, $250 child support payment, and $250 credit card payment $1250 total then $1680 (rent) + $1250 (monthly debt) <= 45% x $6000 (monthly income)$2930 <=$2700 (DENIED)

@Jim Moore what is the duration of your loan? 

Include details such as the type of loan (conventional, FHA, VA) and the maximum interest rate acceptable to the buyer.- Home Inspection Contingency: Include a clause allowing the buyer to conduct a professional home inspection within a specified timeframe.

Who is taking the financial and operational risk?

If purchased with financing and the security interest represented by the UCC was timely perfected, I would have a completely different opinion.It is actually a loan, however, the panels are not attached to the property as is stated in the agreement:"Personal Property.

people get great joy talking doom and gloom and Armageddon.I’ve been in the RE biz since 1978 and been thru several economic and market cycles.Stagflation in the 70s, 17% home loan rates in the early 1980s, the failure of 1/3 of American Savings and Loans in the early 1990s, the dot com boom the dot com bust, the subprime crisis in 2008, Covid………I’m probably forgetting a few.

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