For the past five years, I have been providing private loans to a builder for new construction projects.

I am curious if other investors create a business plan or provide other documentation to loan officers?

A daughter (if not BOTH) to put in it come May 2025.20% of $550k for a family with 2 college kids is a ton.But looming college loan debt from their housing is worse!

Quote from @Robert Bell: I am a Loan Officer for Avalon Capital.

Tell them that you're helping out the homeowner and have the funds to bring the loan current.

With a 20% down loan, you are looking at a 750k property.  

Further, it will make it harder to get a new loan on a new property. 

Personally prefer SFR..Not sure about DFW but do have a realtor reference for you..be sure to budget for furniture and furnishings if not sold turn-key..a seller concession is a great way to preserve capital for MTR or STR's..check in with @Joseph Chiofalo for an investor friendly lender..he's excellent at helping structure loan programs for investments.

Once the property is under control we will have the team we've established run the due diligence, including inspecting the property, double, triple checking on the financials and the cost to renovate. 

VA loan!