Debt is getting more complicated and loan products more obscure.

@Daniel Tanasa    We have a product that will allow you to access equity in your rental portfolio in either first or second position in Texas.

When people mean DSCR loans sometimes its confused with Gross DSCR 8-9% commercial use/business use rental product then theres local bank that uses REAL DSCR (NOI/debtservice) and yes that is what you what to use to hold your property ultimately.I do the rental grade DSCR based on gross income too and it has its use of course but if I was the RE investor id rather have the local commercial notes as you'll be 150-200 bps (1.5-2.00% rate) less than DSCR rental products (gross income / PITIA  or principal/interest/taxes/insurance/assessments type stuff).The ratio of residential use versus your offices will affect the appetite of which local lender/community banks will take this on as well because apartments are seen as traditionally more stable income flows so they'll want a predominant portion of the income to be come stable residential sources with the remaining proportion to be from office/retail.

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I have a few clients that have had 0% Vacancy in their MTRs in 2022 so demand is definitely there if you have the right product.

The property I'm looking at has a total of 2 units in 2 separate structures.So, unless there is some guideline that specifie properties with 2 units in 2 structures are permitted, I think that getting this funded with a conforming product is unlikely.

It is a great product for those who need it but make sure your LO actually takes the time to investigate the first option first. 

(This poses a problem especially in high cost areas) There are some other low payment options with Home Possible and some portfolio products that may better suite your situation.

Bigger Pockets is like a positive and productive version of Facebook.

Im in the early stages of learning about different financing products.