Investment Info:Single-family residence private money loan investment.

Reason being HML's are typically short term loans that are interest only.

Hey @Patrick Braswell  You shouldn't have any issues getting a DSCR loan as long as you have at least 1 borrower who owns 20 to 25% of the property, or if a couple of you can get to that level combined. 

The key would be making sure to talk to a local banker that can do CRE loans for owner occupied properties as not all banks do them.

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

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

We are trying to think of all our options for a rehab loan.

Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.

With a 203k Renovation loan, you can also finance in your payments if you are doing a major rehab. 

Is it smart to take out a 40 year loan to get some cash flow?