Here in AZ, generally it's not feasible to expect substantial or sometimes even any cash flow.   

A no contingency sale would be more common in a severely distressed non-functional property where there will be so many material defects that the buyer could not feasibly negotiate until they evaluate them.  

I would like to pull out equity from the homes to build either a house on each or an ADU (they are zoned multi-family) depending what makes the most sense on returns and what is feasible.

I'm currently trying to determine the feasibility for a park on that property. 

If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs. 

Quote from @Chris Whynder: Quote from @Braden Smith: In very simplified terms, to determine the feasibility of a new construction project you need to do the following:1.

I am wondering if any lenders or knowledgeable investors know how feasible it could be to get a DSCR loan as a first-time home buyer/investor.

And is it feasible and similar to what I’ve heard upon doing my research. 

What I personally do is I will hire a local Civil engineer who has done subdivisions in the jurisdiction and I will pay them up front for a detailed feasibility study.

Quote from @Matthew Steele: Thank you I appreciate all your responses, yea I'm kinda leaning towards telling her he can't stay and telling her I'm not renewing her M2M lease, unfortunately in Nys if the tenant has lived there for 2+years they get 90 days notice, does this sound feasible?