It is no secret that with interest rates at 7-8% that it can be challenging to find properties that cash flow.

The other reason is that you need to keep those interest rates low, very low.

On that program it does require 'Full Doc" income so W2 or 1099 income would be required.DSCR also offers 30 Year Fixed, ARM programs for lower rates and Interest Only which can help with first few years initial cash flow.

Remember though you either offer on total CAP rate or pad rate only plus wholesale value of the trailers.  

It is essential to conduct research on school districts, crime rates, and market trends.2.

If it's being valued using comps (since they are 1-4 units) and not using NOI and cap rate like commercial properties, the return might not be there at the exit. 

It'll be interesting to see how our rates compare to last summer

Goal is to move mid-late 2024  Purchase June 2022: $510,500Down Payment: $102,100Interest rate: 4.875%Mortgage balance: $397,959Monthly mortgage, tax, insurance:$2,465Estimated rent $3,000 The home has an estimated sell price of $550,000 today and the area will continue to appreciate well.Home is in good shape.

This is why you must evaluate properties not strictly off intrinsic #s like people did in low rate era.

My company, 1031X, has been in the business for 31 years nationwide, and we have the highest client satisfaction rating in the US.