A DSCR loan, or Debt Service Coverage Ratio loan, is underwritten to the property income instead of your personal income/taxes/debts.

I am aware that NJ has a personal occupancy provision in which the landlord gives at least 2 months written notice stating that the owner would like to occupy the downstairs unit once the tenants lease expires.

It will be a DSCR loan, under your US entity or personally held.

I think checking with the city to make sure they are okay with the product from a code standpoint, would be the most important thing.

There was a recent post here on BP where the person lost all their money in several deals and would not call out the sponsor.

The Title company does  a search to see if the person selling has the legal capacity to sell, to find any  other owners, mortgages and liens on the property and to identify anything that may affect ownership to the new buyer.This is all done prior to signing for transferring ownership.It is not related to doing the Lease or the Option.Yes, the option fee is used as the down payment.

It’s either that or to live with it.A side note: it might be that the owner is a slumlord, not because he/she is an evil person, but is simply a good intentioned person who doesn’t know what he’s doing.

HiCan I as the administrator of the deceased estate use a PO Box for the administrator address and not my personal address?

I have a tenant who knows I am the owner, and I personally prefer that. 

I also own a personal vacation home in the Poconos.