I can personally live with the bathroom, but it definitely needs a new toilet and vanity at minimum.

Hi Kristin,Most DSCR lenders won't check your personal income/tax returns.

"Home" suggests it will be for personal use.

I understand this will vary from person to person and could be a debate so feel free to PM me if you have some thoughts.

What I have done is make sure I have enough money saved up for my personal life and investment operations.

All four units are occupied and the tenants are currently paying their rent via cash in person.

The listing says there's an unpermitted 2 bed 1 bath garage conversion, so I'd be extra careful about making certain it's vacant before closing.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Skills, tools, subs, muscle you have to complete fast on paper.Architectural plans with elevations.Plat map, drawing where house goes, title report, gas lines, cost breakdowns, temporary power...Reports of existing utilities.Notes on conversation with planning desk on time frame.Combining the two loan types can be done, you need to be a great secretarial story teller on paper.

- Loan Type and Liability: Implications of personal vs.