And by selling the shovel ready lot, I don't need to pony up big sums of cash or take out large construction cost loans.

Hi Denise - If you're eyeing a DSCR loan, maintaining your primary residence is necessary, as most lenders require it.Refinancing could provide quick access to funds by leveraging the equity in your primary property.

Instead, interest is accrued into the loan balance and paid at maturity (when the borrower either sells the property or refinances the loan).

I'm wondering if I should install cameras on the property as a security measure. 

5% down first homeowners loan.

This is really disappointing because I am ready to purchase another property today but will not get approved or have horrible loan terms due to a 640 credit score.Does anyone have any recommendations on how to remediate this issue?

My Renter of 2 years wants to install a TV mount for their flat screen over the fireplace.

What you are describing is similar to telling the power ball winner not to take his 50 million lump sum, and spread it out in installments so he can get more.

The only details I have currently are that he placed 10% down 5 years ago so is currently paying PMI on his loan.

I will layout some information below and I am all ears to advice from there.Current savings: $12,500 (with the capability to pull funds from an IRA if need be)Currently working with a realtor I've worked with before in my rental market who is also an active investorI have the proper steps completed for a DSCR loan from a company found right here at BP and the process was smooth.