With the rates at what they are my thought process is to do the deal in all cash then if rates drop do a cash out refinance.

That said, I know a few MHP operators that make some pretty tremendous money on the trailers, mostly by renting to people who need to pay in cash and have someone not ask a lot of questions - illegal/undocumented immigrants, transients, probably some criminals for sure, sometimes people (mostly women) hiding from domestic abusers, etc.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

It would have to be a home just barely worth $375,000 or greater, and would hopefully cash flow.Or we could go for two single family homes, less expensive, and put $70,000 down on each. 

That in itself is what I think will lawfully determine this.In the end, the amount of time needed to simply go through proceedings for a months rent, and then try to collect it from the landlord isn't worth it in my opinion. 

The current rental cash flows ~$400/mo.

Mason welcome to biggerpockets I also went to UW-WSuggestion for the next 10 years , if possible purchase four plex , duplex , triplex, last resort sfr for house hacking ( no immediate cash flow )Rinse and repeat until your personal lives change ( family, relationship, etc )Each state you purchase property :Develop a decent team to handle your investment properties while you enjoy your fishing/etc

Purchase price: $125,000 Cash invested: $20,000 I love duplex's.

Because I have cash to close; because I ALWAYS protect their commission/fee, and because I alway do what I say.To earn the kind of numbers the OP is anticipating takes ALL of the following1.

We can give suggestions here, but you're at the point where it is 1,000% worth it to schedule a planning meeting with a professional.