Certainty of DSCR lending?

[Robert M.]

I have the opportunity to purchase two short-term rental properties that will perform very well.  I’ve been looking for this exact property prototype for almost a year, so I hate to pass them by.  That said, I am also currently building a property that I’ll need to refinance in the next few months (it’s in a construction loan with a balloon payment), and I can’t risk messing up the qualification on the refinance. 

Thus far in my investing journey, I've used only conventional lending. Buying these two properties now means I will need to rely upon DSCR or private options for the refinance on my property that's under construction. My risk tolerance is usually pretty decent, but given the stakes (of being unable to find alternative financing), I can't seem to mentally let go of conventional lending options.

The risks I anticipate are: 1) Credit score will drop with a lot of activity in a short time (though I don’t know how much), 2) The properties are pretty rural, so appraisals could be low or lenders may offer lower LTVs because of the rural classification, and 3) Sudden market shifts could make lenders skittish about vacation rentals, making it more difficult to secure non-conventional lending.

My questions are: 1) How confident can I be that I will be able to secure a DSCR loan? 2) Under what circumstances will a DSCR loan NOT be made (and is the rural nature of the property a concern)? 3) Aside from local banks (which I've checked), where else should I look for lending options on short-term rentals?

Thanks in advance!