On the other hand sometimes you know you're going to be in a loan for more than 3 years till you clean up your taxes or credit so taking on PPP actually might improve your rate .25-.75% so you might actually add on PPP for 3 years as a strategic choice to lower your month to month debt service or payments.The main pros of the gross income DSCR products is that it can let you qualify purely off the property's gross income and ignore all your other liabilities in the qualification equation. 

So, even though the properties can be bought purely as investments from a market/sale standpoint there is a strong possibility that the buyer will be an owner occupant and comparable sales best relates valuations for owner occupied properties. 

If you are hurt qualification wise in that regard, then you should look into "DSCR Loans" which are from private lenders typically and do not take into account DTI/tax returns/income and instead mostly look at your credit score and the property as a pure investment property. 

Are you hoping to house hack, or is this purely an investment opportunity?

Have you ever thought about a bar and grill, with a main room bar and a 2nd smoking lounge bar.You could call it "The Poker Room" and have a cards theme to it.Dark wood, low lights, lots of alcohol behind the bar, with bartenders in uniforms.A secret entrance in the back from the rear of the building, stars go right down to it.Pick a radio station aimed at a particular audience and advertise there to attract sames (birds of a feather).Bring in a live band (that matches the clientele) once a quarter and advertise that (all the bottled beer they can drink plus a kicker of cash for appearing).With ultra sanitary restrooms.Basically a speak easy type of bar.

I echo Daniel's advice about working with family, tensions can build quickly, and I'd HIGHLY recommend building a team you can work with on a purely professional level.

We'll limit event to 50 people, but we'll be happy if 10 folks show up.We'll serve pizza and drinks so there's a $4.00 cover.Click on the following link and grab a ticket:https://biggerpockets.eventbrite.com

Americans drink Folgers!"

There was nothing in my life except for family, work and REI: no drinking with friends, no golf, no TV, no gym. 

Although I am approaching this from a purely business standpoint this is a very sensitive discussion.Real estate investing is the last topic I would address.    1.