The DSCR's are 30 year fixed just using income from the properties rather than verifying your income .

He verbally proposed an idea that I move in and pay rent on the whole property while collecting the income from the ADU.

you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet. 

If I get multiple apps I will start with the ones that appear to be the best qualified on paper (based on income, length of lease desired, past rental and employment history) and I'll run those first.  

Any ideas how much single family houses in Butler beach can rent for in terms of gross income in a year? 

For 27 yrs i was a stay at home Mom and house wife with no income for the next 23 yrs. 

Currently my insurance cost for each house is around $800 year, called around today but couldn't find anything cheaper Any top tips for reducing the cost of insurance I currently have 3 SFH in Michigan 

I sure like the idea of having lines of credit, and using to sweep income from our rentals into the line.  

I always run my STRs with LTR rents also, as my back up plan if cities change permits or cause me to switch to LTR Thank you for your response,There are some areas that still have new homes for low $300s I figure with a good down payment I can get a bit of cash flow, I know I won’t get rich overnight but when rates go down I can refinance and hopefully in the future I will be in the position to buy some distressed properties and repair them, maximizing future income. 

I have a rental that has a great rate and low mortgage so I make a nice amount of income from it .