Typically, this is also refundable should you not get qualified for a loan.

The seller will have reduced debt capacity because the existing note is still calculated as a debt - they MAY be able to include an offset equal to the buyer payments after a period of time, BUT often the seller is surprised to find they can not qualify to purchase another property3.

If all you do is own rentals for example, likely not qualified with a Solo 401(k).

I chatted with a lender about the DSCR loans and he said that Padsplit (room shares) would not technically qualify for DSCR although if it’s vacant at the time of closing, it should be fine.

But still, within a few weeks you should have someone applying who is qualified from my experience - which is in Florida, not New York… but all things being equal demand works similarly.If marketed correctly now, it tends to point to price sensitivity (too expensive) relative to other similar offerings,  or some other detractor as to location or convenience.   

However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.All the more reason every investor should obtain qualified legal consultation before investing directly into notes 

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

They still close deals, but you have to be dedicated, work through your list, get top qualify skiptracing and keep calling and following up with prospects religiously). 

I see this is posted in the house-hack forum so I'll make the assumption that you want to owner-occupy your next investment.To work more hands-on, you'll want to spend time searching for deals, analyzing deals, and networking/building a team.Before your property search, I'd recommend speaking with a lender to find out how much you'll qualify for.

FHA and conventional loans are available for such for non-permanent residents, but there are quite a few rules so I can't be sure you'd qualify without talking further.