If you structure your lease option correctly, it'll actually benefit your DSCR loan.I have a lease-option tenant buyer that's currently in a 10-year lease option with me. 

Once a default has occurred - be it missed monthly payment, note maturity, etc, the note holder or their representative send a letter to the debtor notifying them of the default and providing the statutory timeline for corrective action.

This is in Texas and I am not sure if this is 100% correct honestly.

Here are a few thoughts about your comment on market appreciation:Cash Flow is a hedge against corrections.

But, just to add some color.

If the numbers are correct, there's maybe $20K to $50K in profit when all is said and done...

But I am at an impasse on what color LVP to use for the floors throughout the unit.

Verifying rental history often takes a long time to complete due to applicants not giving us correct landlord contact information, landlords not returning our calls or refusing to give us any details.We also deal with applicants trying to have family or friends pose as their landlords.

You are correct the proper word I am looking for is ownership.

The last thing I want to do is mess everything up by not having our accounting done correctly.