With DSCR loans the base rate works off of credit score and LTV, think of an x and y axis.

Tried a simple Google search but was surprised at how thin the options seemed to be.

Based on what you've shared it sounds like you answered your own question.

So, your issue is with the county government based on what you just said because a home built by a licensed contractor would also have not been inspected.I'd be JUST as concerned about a contractor built home with no inspections as I would a homeowner built home with no inspections.

Would raising just the 20% from private lenders and then getting a loan based on the down payment not be looked at favorably.

Hello, I am a private lender. My mortgagor's insurance only covers dwelling replacement. How do I protect my investment as the loan amount is more than the replacement cost of the property? I have looked at forced-pla...

My wife and I are based in the Southeast Michigan and are eager to dive into real estate investing to create generational wealth and ultimately escape the rat race.A bit about us: We have a combined $16,000 in savings and approximately $150,000 in retirement funds.

Hi Francis, the idea is based in the accounting formula of "Owners Equity=Assets-liabilites".

DM me if you want to jump on a quick 15-20 min call and I can get more info from you and give you more specific options you have 👍 

Consider theming your property based on popular attractions in the area, aligning with what guests are doing when they vacation.