Chuck Williams commercial lending with look for a sufficient debt service coverage ratio to quality your deal.

I bill hourly as a consultant and have offloaded some my accounts to allow me to beat the pavement, interview, and network, which I've been doing pretty heavily for the past couple of weeks, otherwise, with the way I work (nonstop), this jump will never happen.Thoughts on being able to use a sizable down payment to supplement reduction in income?  

However today our attorney discovered when pulling the deed/title info that the trustees have filed a Motion to vacate dismissal on March 18th and Supplement to that on May 20th, and this wasn't even entered into court documents until this week.

It would be nice to find a place where you could set up your RV to rent so you could supplement your mortgage payment.  

The subject property will need to meet a debt service coverage ratio minimum, typically between 1.20x-1.40x - essentially meaning the property needs to cash flow between $1.20-1.40 (depending on which bank) for every dollar of debt the property carriers.

If you're planning to pull cash out of your existing property I would want to see a debt service coverage ratio of 1.30x.

We are planning on using air bnb which also provides $1 million liability coverage.

The property insurance make up the majority of dwelling insurance premium so I assume that is the coverage you are most concerned with.

I want to add Umbrella coverage of at least 1m however my insurance company will not do it unless I move my car insurance to them which is A LOT!!!!

It's roughly about $500-$800 per year depending on how much coverage you get.