You and this private person you met hammer out the details of the loan at the kitchen table so to speak and you seal it with a handshake and your reputation that this Private Person already respects or whomever introduced has vouched for you.But if a man opens a lending company tomorrow with 50 Million of his own capital and he checks in on the HML market to see what it bears and he copies his products and UW guidelines and now is he PML or HML? 

They already have my records from the previous year(s), I’ve been a client for 20+ years, and I provide pretty detailed reports per property.

@Jared LyonThe devil is always in the details.

Assuming it does happen, despite all the obstacles that I mentioned earlier, could you please clarify a few details for me?

Yes, I think the name looms large, but that's why I gave the five traits which explain it in pretty good detail and go to what you are saying as well.

Are their listings detailed with good-quality photos?

Here's a post where I go into detail about DSCR loans as far as the importance of cash flow, credit scores and down payments: https://www.biggerpockets.com/forums/49/topics/1080147-refinance-rate-105Lender terms and fees vary widely.

The real way to answer this question is to do a detailed break down of the numbers. 

Hi Lee, Thank you for the detailed information!

The more transparent and detailed the documents, the fewer surprises on both sides.