What is the expected loan to value ratio (LTV) and debt service coverage ratio (DSC/DSCR)?

There are super high levys that are not taken into account.I would still try and get a quote if it is the same coverage for less.

Especially when you figure on "surprises" like evictions, needed repairs missed on the inspection, boilers/HW tanks going, etc.It sounds like you over-extended yourself on the first rehab and I would urge you to be careful about getting involved in another major project when it seems you stretched yourself pretty thin for the first one.There are times to "buy everything you can get your hands on" (like 2012) and times to be more cautious (I'm kinda feeling like that's now, or close to it).These days, I pay more attention to LTV and debt service coverage ratio than I do cap rate and cash on cash return.

If you had several properties you'd lean that way.The big thing is to ensure you have the right insurance coverage for renting the property now that you've changed it's use.

How much are you getting sued for and what is your insurance coverage? 

Anyone have a comprehensive list of mobile home parks in the US?

Thank you very much for the comprehensive comparison, Dan.

That said, what are some companies that will provide coverage during this period?

If you are refinancing into a commercial loan however, is there a minimum DSCR (debt service coverage ratio) that the lender requires you to hit in order to qualify?

I think a comprehensive approach is best when screening for tenants.