DSCR Loans are typically great for STR purchases - however, DSCR Lenders are going to require at least some "skin in the game" - so won't be able to have a 2nd lien for the down payment. 

I'm itemizing as required but it's hard to know how much is fair to charge for things when we do a lot of the work ourselves.

Now I may be able to get a loan on the property, or other ways to buy the property, however, both of them will require closing cost.  

  - Any budget overruns could exceed the amount of capital a small PML may have and require the project to be refinanced into a new construction loan elsewhere while the project is inflight and this could pose challenges if the borrower doesn't have much skin in the game or liquidity. 

You are required to give their request consideration but only once they submit it with the doctor's note etc.

If it is follow the requirements in the documents.

It's possible the deceased father agreed to let her manage the property and keep the rent net for her troubles, but the title/ownership remains in him so his heirs would inherit it as a legacy.I suggest your friend familiarize himself with the statute of frauds which I believe requires agreements regarding real estate be in writing to be enforceable.

Once that amount is adjusted you'll have a loan payment updated based off of the rate and terms of the loan. 2) In you long-term expense estimates I don't see any assumptions for property management (7-10%), repairs/maintenance (7-10%), and vacancy (5%) so I would re-run your estimates based off of new expenses.

Surprisingly I think I like the SFR, (lower maintenance costs and tenant interactions per cash flow dollars).

What is the process that requires me to be licensed with FINRA.