The ARV still looks REALLY good with purchase price, rehab and potential fair market rents......BUT I live in Florida and need a COMPLETE team to be successful if I was to purchase this property....which brings me to you guys!!!

I plan to live in the house for two years, renovating some.

We’d like to assemble a real estate portfolio over the years, and would consider buying a rental property whilst living in our current home.I’m looking for any creative ideas or suggestions given our circumstances.

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Currently we live in the apartment and we are renting out whole house. 

This beautiful residence is perfect for those seeking comfort, convenience, and a peaceful living environment.

I live In Palm beach, and do all my biz out of state, freedom is pricelessAll the best

She put down a driver's license from another state while saying she had lived at the same local rental for the past 14 years.

If you have any disagreement with your new business partner, they are in the driver's seat because they are the OWNER living in their HOME. 

Live and learn.