My current rentals are all in my personal name with conventional loans.

My outstanding loan balance is 163K @ 3.5%I calculated that I'd clear 900/mo after expenses.I was planning to buy my new house for cash, but with the market where I'm moving/buying I'm having to go about 100K over what I was planning, so I'm taking out a 50K loan for that property.

Moving forward I plan on doing 2-3 flips per year which will be will be Cash deals with no loan.

Hi Cody - DSCR loans are a great tool in these types of scenarios.

My question is can we use the rental income to qualify for a loan?

I owner-financed a small property in Ridord, PA that is under an installment contract or contract for deed for 15 years starting Sep 2015.  

If you had a car with a loan and sold it to someone but your name was still the one who owed the money and they are driving around in the car would you be ok with that - and oh by the way your chances of getting financing for a new one are limited..Seller financing is legal but rare.

The electric company installed the new meter for free after giving me a credit for adding laying the conduit required for the 200amp to 400amp upgrade.As for the 1/2" (non fire code) gyp, my understanding of the code is that a 1 hour rated assembly is required between "dwelling units."

Like your exact location on where you are installing them.

Is it possible to get a 30 yr fixed loan for this type?