I do loans all the time on government leased properties and they can be great tenants.Mark

Some of the other people I would want on my team are contractors, insurance advisors, bankers, loan officers, asset protection attorney, business structure attorney, home inspectors, a closing attorney, and title company.

I just did three loans up in the Jasper/Big Canoe area near you and we have a real estate investment arm that has JV'd a lot over the past decade+.

This is my first time hearing about DSCR loans.

I'm wondering if this would qualify for conventional financing, or I would be looking at commercial loans only.

The plan is to live in it for a cpl years so right now I’m assuming my best bet is a tricky FHA 203k loan.

For instance, you would be able to obtain a loan at less than 10% down, while a rental purchase would require at least 20% down.The down side to moving into a home is that you would not get to have LLC vesting.

Doing ground-up construction, where you buy land find the builder, and get a construction loan would be very difficult due to the deadlines of the 1031. 

He said he’s from Freedom Loan Service Corp but it’s a gmail account. 

If they can JV with a land owner who is not crazy and potentially litigious then that can be ideal, especially if they will be the ones to be the guarantor on the construction loan.