4) Most lenders use two automated  systems when approving loans ...DU (fannie ) and  LP  ( freddie )  ...sometimes a  loan can  be  declined with one system and not the other ...ask the lender what system was used and  ask them to  try the other  system to see if an approval can trigger  5)  if dti is on the edge  -  try lowering the homeowners ins premium / mortgage  ins premium or  even the loan amount to nudge the  dti down ...good luck 

This is way better than giving all people low interest rate like in 2020 which only trigger more massive appreciation and left out the ones that needs housing the most.

I guess I'm looking to cover myself while not alerting the bank that the deed was transferred out of the prior owners name but not the mortgage and triggering the due on sale clause.I'm thinking about putting the insurance in both our names mine and prior owner.

In reality, many most never pulled the trigger, so were an utter waste of time and gas. 

What this person may have been trying to imply is if you get a loan via a DSCR lender, and you live in it (effectively putting yourself in default) they may actually trigger the acceleration clause and you'd then have the default rate that was agreed to in the loan docs ....

If you analyze a deal and the numbers look good then don't be afraid to pull the trigger. 

I want to lay a sturdy foundation before i pull the trigger. 

On the topic of section 8 housing we have been doing more research into getting that going but nothing we've pulled the trigger on yet.

Seems like the trigger was the change to a 'rental' policy that caused your insurance company to cancel you? 

Hi all,I am a newbie investor but I don't yet have the capital or experience to feel complete confidence to pull the trigger on a deal - nor the resources to acquire financing, manage a rehab, etc.