This vary heavily town to town. 20% down is great if buying strictly as investment but if you have a way of owner occupying I would explore that route and apply the 20% down to increasing value of property and instead using low money down loan. 

Understanding the interest rate, loan maturity date, and any prepayment penalties will help gauge urgency.3.

For the most part, due to interest rates, breaking the 1% cap rate still won't provide positive return after expenses.

-----------------------------Today’s Interest Rate: 6.93%(👆.21, from this time last week, 30-yr mortgage)-----------------------------Today we’re talking: housing market, interest rates, and a quick update on my latest rehab and rent project. 

@Nate McCarthy I think this could be a great opportunity if approached thoughtfully.

A DSCR loan is going to require more down, have high fees at closing, a higher interest rate, a pre-payment penalty, and will require you to have cash reserves that you likely don't have at the moment.

If rates come down (most likely not in 2025) you can refinance or just shovel cash-flow and pay it down quicker. 

Interesting.

That sounds interesting. 

No - absolute max for DSCR is 85% LTV and that is extremely rare and typically not workable in this rate environment anyways.Standard/common max is 80% (acquisition and rate-term refinances) and 75% Cash-Out Refis