@Patrick Goswitz I think @Bruce Woodruff illustrates my point much better

This might reduce your overall interest costs and allow you to secure a more attractive rate compared to a traditional 20% down payment scenario.Platforms for State → City → Suburb → Street Analysis:For narrowing down markets, here are some platforms I recommend:Zillow and Realtor.com for broad market data, filtering by city/suburb/street.Roofstock for turnkey rental properties with in-depth neighborhood analysis.Mashvisor for detailed real estate analysis, including cash flow and rental estimates.Redfin and NeighborhoodScout for granular street-level data, crime statistics, school ratings, and property value trends.Once you narrow down to the city level, I agree that leveraging local resources—real estate agents, local investor networks, or property managers—will be key to gaining more granular insights on specific neighborhoods and streets.If you’d like, I can also provide you with a sample DSCR terms sheet to further illustrate potential terms.

Here is a fun lil horror story to illustrate the need to line up your ducks FIRST!! 

To illustrate, a property initially valued at $60 million might see its worth decrease by 30%, settling at around $45 million.

Here is a fun lil horror story to illustrate the need to line up your ducks FIRST!!

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Your example in New Hampshire perfectly illustrates that with the right approach, these relationships not only bring deals but also help you build a stellar reputation in your market.Keep at it with consistent follow-up, show genuine interest, and when the time is right, those deals will come to you.

I say all this to illustrate in the Minnesota market that these rules can be good starting points but you’ll need experience to understand how to apply the rules.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).