In my experience, the local banks are going to get you better rates and lower fees with their commercial loan products than the "DSCR lenders".

I'm not an loan officer, but I know some banks locally like ORNL Credit Union have offered a 0% down conventional loan product.

There are some very aggressive investors that refi into interest only products to free up even more cash in the short term - this can be much more risky though, so not recommended if you are not very experienced and have large reserves.

When I made my earnest money deposit, in Oct, I was told production would be in 2022 and completed by 2023.

Quote from @Greg Kasmer: @Alan Asriants - I agree that BRRRRs are much harder nowadays.

I imagine cost of labor might be a little bit cheaper in Idaho compared to Connecticut as we ended up paying 10k for gas furnace and 5k for AC with 10 yr warranty for Lennox product.  

It is just a farmer's market for real estate products. 

@Christina Galdieri  A 1031 exchange is specifically designed for real property held for productive use in a trade or business or for investment.

So, like all social media and mass production sites, it's not truly there to help the consumer, it's there to make money off consumers using the agents they partner with.

Hey @John FriendasI have purchased 4 of my Co-Living (rent by room) properties with DSCR, 1 of them within the last few months.Not that I necessarily recommend this, but there are short-term-rental DSCR products.