You want to look professional, but you have to explain it simply so a non-investor can understand what they will get out of it.

I ask since a property we're purchasing is going to be leased to a group home organization, and if we were to get the home appraised after a seasoning period, we could refinance and pull our down payment out.

Reduced housing payment.

Two of the frightening conversations I've had are women who had to return to work at age 65 or 72 because their Social Security payments or deceased husband's pension was not enough to live on with inflation.

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

I paid 2 payments and he is not asking me for the 3rd payment in months now because I have paid already 80%.

If you are building from the ground up and need to finance the build, you may not use a DSCR to achieve this since this is a loan for non-owner occupied, rent ready properties.

David, I like the ideas of, 1. see if a slight reduction in rent will solve the payment problem and 2. leave all communication thru the PM. 

Purchased for 500k, I brought the deal had a friend bring the cash which was roughly 50k for the down payment and rehab.

You may need some of the capital you have as a down payment for the loan becuase new construction loans tend to have a low total LTV.