@Clark HagenI believe the mortgage would deed the house to you and is just seller financing and a contract for deed you don’t get the deedDefinitely want the mortgage and my recommendation would be to use the Fannie Mae templates docs (mortgage and note) which you can get online.

Common problems are sewage backups, mold, infestations of rats, and other pests, faulty wiring, roof leaks and it violates the city’s building, health and fire code poses health and safety risk.

Personally, if the pipe fittings were not leaking, and did not show signs of significant corrosion, then I would probably leave them alone until there was an issue.

The banks look at the docs and have no idea who owns the property.4.

No leaks from roof or in basement.

Deck is falling down (covered by HOA) but has resulted in an ongoing ceiling foyer leak.

There is NO getting around the fact that you own the property/business other then a TRUE no-recourse loan (which will not be an option for small mom and pop investors) and no if the loan is on your credit report has no effect either as credit report is NOT the only source.The premise of DSCR loans is for borrowers who cannot qualify for full doc loans for one reason or another, but it seems the real premise of DSCR loans is because of the commercial purpose designation is that a lot of states do not require licensing of any type to sell these products.

If they find the tank has leaked the costs go up big time .

We borrow from our commercial banks and put in the loan docs if we have  another serious down turn we can take whatever standing inventory we have and term it out as rentals for 5 years ( so some dooms day protection).

Biggest red flag for me is her representation of credit docs, but nothing actually there on official report.