If you have strong credit and a good relationship with your local bank, they might be able to offer you something suitable.For lenders offering DSCR loans that don’t use DTI, only cash-out refinance options are available.

Monthly rent is $750, so I'm wondering if the costs/time/stress of eviction are worth pursuing if an option is to just tell him I need him out in 30 days.

I would like to offer him a 5 year or 10 year seller financing option for his steady payments that he wants while giving me a property to start real estate investing.

There are a lot of options, but try to make a list of three things you think the town needs that it doesn't have right near there and that may point you in the right direction by talking to someone at the town office.

Make sure the price you pay is based on its current position and not its potential value in the future. 

They should be a pretty good option for you.  

Has anyone had positive results with the?

Your comments, both positive and negative, would be appreciated.  

The attorneys would be in the best position to help you on evaluating the merit of getting back rent on a section 8 property. 

The drawback you have to fit "in the box"; 20% down +, excessive reserves requirement, specific restrictions on tradelines, assets guidelines, DTI under 43%, owner occupancy etc.. if you are open to ARMs you will have a bit more options..Also need to consider the type of property - if condo/condotel banks might not finance at all.. there are many factors to consider we do have some good outlets for jumbo, would be happy to review your scenario and give you a quote.