Investment loan Lessons learned?

I also require:Rent + Monthly Debt <= 45% of GROSS monthly incomeExample: So, someone making $6,000 per month ($72,000 per year) meets the initial income requirement BUT if they have a $750 car loan, $250 child support payment, and $250 credit card payment $1250 total then $1680 (rent) + $1250 (monthly debt) <= 45% x $6000 (monthly income)$2930 <=$2700 (DENIED)

@Jim Moore what is the duration of your loan? 

Include details such as the type of loan (conventional, FHA, VA) and the maximum interest rate acceptable to the buyer.- Home Inspection Contingency: Include a clause allowing the buyer to conduct a professional home inspection within a specified timeframe.

This property is well maintained and provides easy access and great visibility (Interstate 81 VPD 32,000, Maple St VPD 8200).

Any recommendations for lenders who have a loan product for a DSCR construction loan?

I am deeply passionate about providing personalized, high-energy, and professional services to our valued clients, ensuring they achieve the results they expect.

people get great joy talking doom and gloom and Armageddon.I’ve been in the RE biz since 1978 and been thru several economic and market cycles.Stagflation in the 70s, 17% home loan rates in the early 1980s, the failure of 1/3 of American Savings and Loans in the early 1990s, the dot com boom the dot com bust, the subprime crisis in 2008, Covid………I’m probably forgetting a few.

Also keep in mind that as an affordable housing option that lands between renting and single famile detached housing, the manufactured home provides ownership. 

There are typically a dozen hands that touch a loan before it closes.