I’m wondering if it’s not a better idea simply to buy in my own name, have an Umbrella Insurance in case of lawsuit, then get a DSCR loan. 

And before I get roasted here for bursting bubbles: apply for a large DSCR loan and tell them you have no experience as an operator...

If I get a small construction loan to the property and pay interest expense, would this qualify as a business expense (adding pool and etc)?

I can tell you we spent all of last years earnings rehabbing properties this year, so if you're trying to replace your income make sure you're making a significant amount more than what your actual income is to offset unexpected expenses like a flood, or vacancies for extended periods of time.

But your question made me think of another, if the funds can be in an interest-bearing account does that mean you can loan funds?

If so, were the criteria for getting that loan pretty much the same as getting a loan using a 25% down payment?

We own a 7 unit apartment building at the beach and would like to replace our present bank loan with private funding of some type. 

CTSouthEast Bank TNSpring EQ will do a HE Loan on an investment up to 95%.

How much cash are you bringing to the table and what will the loan amount be.

Kitchen backsplash of brick wallpaper doesn't even extend behind the stove.