For an owner-occupied property with 5% down, consider a conventional loan with a renovation option like Fannie Mae  or Freddie Mac.

.: Decided to try to use Obie on a new acquisition because my traditional insurance doesn’t do new policies in California and the insurance agent recommended by my loan officer just wasn’t working fast enough (CA Fair Plan seems to be at fault) to meet our closing calendar. 

Assuming the insurance premiums don’t significantly impact my cash flow (which is one of my primary goals), how do you assess the risk of taking out a loan under my personal name versus opting for a commercial loan that requires a larger down payment and comes with a higher interest rate?

More on DSCR loans: DSCR loans won't use your income to underwrite the loan.

Quote from @Hiliary Gonzalez: Hi everyone, I am a newly licensed Mortgage Loan Originator in Florida.

Hi Jordan,Fix and flip loans are different than DSCR loans.

If you are going to have trouble with sub to, it will from your insurance company, so I'd tread lightly for sure.

How hard is it for a person with high credit score but no income, retired to get a loan?

Each lender gave me a different answer about the terms of the loan such as required down payments, max loan amounts, and a few other things.

More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.