Thanks Rick for letting me know about Fannie Mae’s new 5% down options.

Since this is a public forum for just opinion and you seem to be seeking legal advise I am going to say first I am not giving you legal advise and to talk to your attorney about your options etc. 

Hi all, I just received the below term options on a DSCR new purchase loan (780 credit score).

At the moment, second lien positions aren't at ideal interest rates, often Prime + 2%+ or in the high 8-9-10%'s.

Pick your plan, look into the Kansas City area, use market comparisons, check your money power, look into loan options, put together a team, check cash flow, ROI, and Cap Rate, and make your bid after careful checks and talks.

I responded to her FSBO ad and made my offer which she happily accepted: a 36 month lease option; I'll bring her mortgage current, (1 month, $800), and continue making the monthly payments; option to purchase price of $88K, (my estimate of value, $100K); and I had the right to buy, sell, sublet, or assign the property at any time during the 36 months.

Your options are A) look at pathways for getting you on the mortgage, B) live with the marginally higher rate and possibly refinance once you're income is more stable and/or if rates were to drop, or C) buy the rate down to whatever number you want. 

I'm making some options and trying to see the best outcome between them.

Perhaps adding an additional half bath is optional and could be eliminated if issues come up or perhaps for someone who is hands on perhaps they could take on more work themselves if they needed to and extend the rehab time period.

If I want more cashflow should I be considering MTR in Denver, LTR in cheaper out of state markets, or another option I’m unaware of?