Value the house on it's own with comps and then run the CAP on the park for it's value. 

I would expect the one in his personal name shows on his credit report as a mortgage and the lender will factor it in his DTI.

@Michael Baum so a doorbell is not necessary on an STR?  

Aloha,A LOT depends on the size and financial strength of the "corporation".

I purchased it two years ago for $700k and have about $600k left on the loan. 

You'll want your PL named as lender on the property insurance policy.

He has no idea what is going on here and should refrain from spreading inaccurate information. 

It really depends on how quickly you think you can pay back the loan.

He was overwhelmed at first with all the "insider" stuff: the 1031 exchanges, cash-on-cash returns, and figuring out what an ideal cap rate is, especially in a hot market like Dallas.

Purchase price: $390,000 Cash invested: $120,000 I purchased a four-plex for $390,000 where each unit was originally rented at $400 per month on a month-to-month basis.