Hi Chandana, This looks okay, I would say you could definitely get a better rate with 30% down on a DSCR loan.

This is something I'd consider in the future.Out of state investing:- Nevada has low property tax rates. 

However, the revenue hasn't matched the growth rate.

Loan to _______________________________________ Balance $____________________________ Interest rate: _________ %, Monthly Payment $___________________ Loan Number _____________ Date last payment made____________________________ Loan current through _________________B.

A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).

Also, I have heard from David Green that there is DSCR loan that I could easily qualify for if the property shows that it cash flows but they are obviously higher rates.

The numbers give you a range of values for discussion/negotiation purposes, but in reality a deal like this isn't a market rate deal because there isn't a broad "market" for a property like this.

The Programs includes or covers:- Up to $2.5B in second loan purchases- A maximum programs duration of 18 months- A maximum loan amount of $78,277- A minimum seasoning requirement on the first mortgage of 24 months- Only for Primary ResidencesThe effect of a guaranteed government backed second mortgage for homeowners would be significant and likely put eligible second mortgage terms in line with below market FHA and guaranteed first position mortgage rates. 

This deal was financed through three funding rounds over the approximate 18-month time frame for the renovation and construction of new tiny homes.

No points, not sure if it's worth buying down since rates may fall?