No mathematical reason to pay off low rate mortgages only to turn around and borrow at 7.25% (plus $5k and hassle of obtaining) your money back that you used to pay off your 3% or 4% loans.  

(My spouse just landed her first gig and is projected to start in November 2024) and we are ready to invest starting fresh in 2025 with minimal payments left on loans, etc.

Due to our lack of US income, a DSCR loan appears to be our sole viable option.

Hi @Ndu Nwachuku not sure where you got your information from, but I can say pretty confidently that area will not be getting any improvements and values will not improve commensurate with the rest of the Orlando MSA. 

It will be nice to be splitting this and it gas historically improved quickly.  

I'm looking for loan service recommendations.

My goal is to let rent fully cover my monthly loan payment and generates couple hundred positive cash flow every month.I am considering to buy a house around 200k with some mild renovation need to be done.

I would leverage the property with a 60% loan to value loan.

They are the ones that know how to write up loan docs for private loans. 

Property: HereComp: Here (Sold on 8/1/2022 same street)84 Grangerford Hts, West Henrietta, NY 14586Listed : 100kHML at 80% of ARV (240k) = 192kInterest only payments (10% interest)(192k x .10) /12 = $1,600/monthPoints = 2 (192k x .02) = $3,840Loan origination fee's = $1,000Additional monthly holding costs:- Taxes (5k/12) = $416- Insurance = $60- RGE = $120Total monthly = $596Duration of rehab = 6 monthsInterest only ($1,600 x 6) = $9,600Points = $3,840Origination = $1,000Holding costs ($596 x 6) = $3,576Total Holding costs = $18,016Loan amount of 192k:Subtract:- Purchase price = 100k- Closing costs (4%) = $4,000- Rehab = $50,000Totaling = $154,000Remaining balance on loan= $38,000Sale at $240,000:(-) (Realtor fee's (6%), closing costs (4%)) = $24,000(+) $38,000 Remaining from HML(-) Holding costs ($192,000 + $18,016) = $210,016Profit ($240,000 + $24,000 + $38,000 - $210,016) = $43,984 - (capital gains at 22% completely estimated) = $34,308Buy and hold:Appraised at $240,000.