Loan Confusion! Hard Money Loan to DSCR loan, but why?

[Kimberly C.]

Hello, I'm just starting out and doing research for my first OOS rental property.  I am only familiar with conventional 30 year fixed rate loans as this is what I've used in the past for my primary residence.

I've been looking into DSCR loans and think this would be the best fit for me because I currently have a LLC with 1 rental property. I would like to continue my rental investment property journey and obtain loans under my LLC. My understanding is that DSCR is one option that fits this requirement.

BUT I've been told the better route would be to get a HML then convert it to DSCR after?

1) How does this work?

2) Why would I do this?

3) What is the time frame for this? Do I only have a HML for 4 months or something and then get a DSCR?

I'm confused on the why this is suggested and logistics and time frame.  If someone could break this down with an example of numbers so I can see how this plays out with cash I need to fund, cash I'm borrowing, etc that would really be helpful.