This makes getting a DSCR loan more difficult because of the under market rents. 

Hi everybody,My husband is military and we currently own our home in Knoxville (purchased for $450k, we owe about $300,000 with 2.6% interest on 15 year loan).

And by selling the shovel ready lot, I don't need to pony up big sums of cash or take out large construction cost loans.

Instead, interest is accrued into the loan balance and paid at maturity (when the borrower either sells the property or refinances the loan).

Hi Denise - If you're eyeing a DSCR loan, maintaining your primary residence is necessary, as most lenders require it.Refinancing could provide quick access to funds by leveraging the equity in your primary property.

5% down first homeowners loan.

This is really disappointing because I am ready to purchase another property today but will not get approved or have horrible loan terms due to a 640 credit score.Does anyone have any recommendations on how to remediate this issue?

The only details I have currently are that he placed 10% down 5 years ago so is currently paying PMI on his loan.

Consider it as a baseline, says Quicken Loans: When you sell the property, the cost basis is subtracted from the net sales price to determine capital gains tax liability.

security, fencing, a guard dog inside or someone stays there at night $1500carry cost of your loan/tax/insurance$?