Quote from @Eduardo Cambil: Hey everyone We recently acquired a single-family rental in Decatur, IL through an Agreement for Deed, and now that it’s stabilized and rented, we’re looking to refinance into a DSCR loan.Here are the key numbers:Purchase price: $56,900Current balance: ≈$50,900Market value (conservatively): ≈$75,000Monthly P&I payment: $729Rented for: $1,200/month (Section 8-qualified)DSCR ≈ 1.65Property in great shape — fully rehabbed, turnkeyOur LLC (Wyoming-based, multi-member with EIN) holds the property, and all payments are current and verifiable through escrow.We’re simply trying to find lenders who can refinance small-balance DSCR deals (under $100K) — ideally allowing payoff of the existing land contract and providing a clean title.If you’re a lender, broker, or know someone specializing in this space (Midwest, small-balance DSCR), I’d love to connect and hear your terms.Thanks in advance to anyone who’s done similar deals or can point me in the right direction — happy to share full details privately or through DM.– EduardoC&T Global Solutions LLC (WY) you would be much better off going to a local lender/bank for something of this size.

Quote from @Carter Ledwith: Great point on the goal of balancing speed and safety.

Hi Peter,When you buy the land to sell on terms, it goes into land inventory (Balance Sheet).

If you just want to dabble to make some extra money and don't have the passion to go all in, it's a tough business keeping up with all of the regulatory changes and balancing keeping owners happy with taking care of tenants.   

We had a note on the property with a remaining principal balance of $650,000 (note was at 4% interest fixed with 17 years left).

As an apartment owner, you are always balancing rent increases vs avoiding move-outs. 

You’ll keep repaying the loan with increasingly inflated dollars, while your debt balance stays fixed in nominal terms.

That 'flip to build, then buy to hold' model is solid.I see you're asking about balancing the W-2 with flipping.

Current Loan Balance is $205,500.

What type of loan is this, and what is the loan balance?