This means you’re effectively living for free, or close to it, while building equity in your property.Low-Cost Entry into Real Estate InvestingBecause you're living in the property, you can qualify for owner-occupied financing.

Improved DSCR: If a company’s DSCR has increased significantly since the original loan was taken out, it may qualify for better interest rates or terms, making refinancing advantageous.2.

If you’re approved for the mortgage they assume you’re qualified to pay it on your own so if you can afford the monthly don’t overlook the power of equity.

is that it typically comes with higher rates on the first mortgage, if you're low income enough you might qualify for near free DPA but most DPA's open to all income brackets are typically at higher than market interest rates.

Best thing you can do it to buy in good locations and have a good PM rent out the property to a qualified tenant. 

Down payment can be higher than primary, but the good thing is that you won't need that much income to qualify because lenders can you 75% of the market rents for the units of the property.

If you're getting a lot of traction with prospective but qualified tenants that would like to view the unit - let them know the time that the leasing/showing agent will be there so they can view the interior.If they're going to lease the property for you - one to half a months rent is fair compensation.

In November we have seen the same exact pattern – inventory increased, prices are dropping, and the time to procure a qualified tenant increased.

Even if there isn't a lease in place, underwriting can use market rents from an appraisal to qualify.

Our mortgage was significantly higher than our flood insurance, and I don't know if we qualify to try to apply for FEMA or if there is other assistance, and if so, if we would apply as a business (we file it on our personal taxes as rental income).