I'm trying to understand how the financing works; Let's say I get a mortgage on the property, but only own for 6 months, as I've purchased, renovated, and made the sale to the next owner.

Our mortgage payment is $12,849.05 per month.

I figured it would be a gamble but with the seller still receiving monthly cash flow, I think that maybe it would be intriguing.  

There's a monthly REI meetup in Burlington I try to make when I can.

So a couple months ago, I had a tenant send me a very large unhinged message accusing me of breaking his headlight in the garage plus other things.

It was originally a listing appointment, seller decided not to list and after a few months she reached out needing a quick sell.

If the lease has expired and reverts to a month to month then they would be on a month to month lease. 

Take into account elements like the down payment, closing fees, ongoing monthly expenses, and prospective rental revenue.Market Research: Find communities with high rental demand, low vacancy rates, and potential for appreciation by doing in-depth market research around the Portland metro region.

The property was sold for 70k two months ago and the Turnkey company did approx 40k renovations on it and selling it for 140k-150k now. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).