He decided to sell off his old portfolio and upgrade to homes over $200,000.

I am not sure if that was an error or they are trying to rip you off.

The expansion is headed out to more rural areas.Grand Bay and Theodore are smaller rural areas outside of Mobile off the i10 Interstate.

I have dealt with this before and I almost always end up ripping them out and replacing.

Drop off a letter and tell them you're a buyer.

Hi Steve,You could put a second position loan on it - like a HELOAN but this will be based off of income/tax returns.

23 years is a long way off, but I know a person with a hangar they are tearing down to build new in effort to keep their land lease.  

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

I'm sure it pays off in the long run

The earlier you start in your RE journey, the better off you will be in the future.