I have purchased land/structures using owner financing on multiple occasions. 

DSCR Loans are typically great for STR purchases - however, DSCR Lenders are going to require at least some "skin in the game" - so won't be able to have a 2nd lien for the down payment. 

The reason I ask is that a new prequalification letter from the lender has listed the maximum purchase price that results in a DTI ratio of 60% if I follow the above equation.

You'd only need to bring the difference between the balance on his loan and what you agree to purchase the property for and your share of closing costs.The term is "Subject to" which is short for Subject To Existing Liens, Deed of Trust, etc.

They may indeed raise the price on subsequent cars but not on the car you’re about to purchase. 

This can be advantageous in making offers to purchase more competitive, allow buyers to be more aggressive with purchase price and reduce closings costs.

BP Community I recently purchased a rental property in the town I grew up in and I am having trouble with the neighbors. 

I have a unique situation that I cannot seem to find a very clear answer for, hopefully the BP community can assist.My wife and I got married last September and now live together in a house we purchased together.

We are purchasing a house with the intention of living in the house for a year and turning the property into a rental.

There is a HOA foreclosure i am interested in purchasing at the auction (Texas).