And I'll say it again, understanding and acknowledging the presence and impact of xenophobia and racism plays a significant role in real estate investing.Methinks the gentleman doth huff and puff and protest overmuch as he tells me to calm down.

I should expect that the 5 rentals covered by the new DSCR loan are now even more “permanent” in terms of not refinancing again later/ever.  

Hopefully, we onboard a couple of buildings and hire someone permanently.

Business purpose loans are less impactful on credit.

There are a few trade offs to be aware of:CF leading up to that point is diminishedLess flexibility due to a larger mortgage payment each monthHigher DTI, which may impact your ability to purchase other propertiesOnce paid off you remove one of REI's profit areas: mortgage pay downFor me the biggest down side is Return on Equity.

Plug in higher expenses than what you anticipate, so if for your expenses come in below your expectations, your net operating income won’t be impacted.

There are defenses to liability for property owners whose property is impacted by contaminated groundwater from an off-site source so long as you exercise what is known as "reasonable care". (2) since you will be using this for self-storage, this will be considered a commercial, not residential use, and many states have less stringent standards for commercial properties since people are not occupying the property 24/7. (3) If the levels in the groundwater would pose a risk of vapor intrusion (vapors migrating up from groundwater), you can install a passive sub-slab depressurization system (ssds) that acts like a radon system-capturing the vapors before they can get into the structures.(4) if soil is contaminated and you plan to pave the surface, this will generally be sufficient remedy if the soil contamination is at depth.

Just make sure you put in permanent property line markers so they don't try to grandfather in, and move the property line on you in the future to your new fence line.

With a low down payment, I worry about bigger picture impacts down the road, particularly when it comes to getting access to equity for the sake of scaling my portfolio.

Any double wide I have purchased that had hurricane tie downs, had the title decommissioned, and had a permanent foundation, I was able to finance with a DSCR loan or a commercial loan at a local bank.