You will need to figure out their occupancy rates esp over the course of the last year.

I have had to deal with only a few over the last 3 years.

I acquired a 4b sfh through an online auction about a year ago and completely gutted the home and upgraded mostly everything.

I'm familiar with the area because I lived there for 3 years.

With DSCR loans you'll typically be able to get up to 80% of the purchase price and the majority of lenders will include the taxes and insurance into your monthly payments so that you don't have to worry about setting funds for that aside over the years as a landlord.

Do not even consider it if you don't have proof of rental payments for the past year via bank accounts.

My W2 job was going well for the past few years, but recently have been large gaps in steady work.

They worked as a team in this entire thing.So here we go...A person sold a piece of land 3 years ago, reiterated in the deed "this conveyance is made subject to the restriction that no mobile or manufactured homes shall be placed upon the subject property." as the restriction had been in a previous, distant deed.

Partner with me and we can both benefit from this amazing program.Also you may notice that other forums state the fee at being $3,000, but that was with the Morris discount and I believe they have increased their price from a year ago for the membership.

If you are able to cashout 70-80% after the year, you likely aren't getting more than 20-40K based on the low purchase price/value of the home.