if this is an owner occupied property and the loan was used by the owner to buy the property to live in.. then they are by federal law able to request a 3rd party mediator to meet with them and a representative from the bank and try to work out a re pay planthe issue is many in foreclosure never follow up on this and basically waive their right to this meeting. that would be step number one get into the federally mandated mediation if the owner and the property qualify.

For lending, yes, you will be limited when it comes to conventional lending, as those loan products are made for owner-occupied properties.

We do BRR to Buy and Hold no need to sale for that DSCR loan strategy,  your partner should be the bank. 

Does anyone have experience with these types of loans?

After some research, I'm thinking a DSCR loan is the best option for me.As for the area(s) I am interested in: I am not entirely sure.

From a legal perspective, it seems to be commingling a bit, but I guess it's technically a loan to the business.2) If that's not a viable option, then I was considering a business LOC. 

Does anyone have any recommendations for a real estate agent that has experience with VA Loans (specifically- assumable VA loans)?

My current rentals are all in my personal name with conventional loans.

Sharing what are some of the things I think may be on the horizon for DSCR Loans in 2024 - inspired by a lot of comments that pop on these forums. 

If you had a car with a loan and sold it to someone but your name was still the one who owed the money and they are driving around in the car would you be ok with that - and oh by the way your chances of getting financing for a new one are limited..Seller financing is legal but rare.