I did extensive research on the market and based on purchase prices and rents in the area it seemed like a good investment.

Extension: Borrower may extend this note once for up to twelve (12) months.

They cost $800k+ though but well worth it when want investment that actually performs profitably.

Or, I’d have to get an extension of the closing date, which kinda defeats the purpose/competitive edge of a cash offer.

If someone wants to host MTR, STR, whatever, they should start their own management company, not try to use this model where they can make additional money off of an owner if a property performs well.

Negative cash flow is difficult especially on more extensive tenant turn overs or when dealing with a PIA tenant.  

For DSCR, it's usually slightly higher than the conventional route due to it only looks how well the subject property rental performs + credit vs conventional where it requires credit, income, assets to be reviewed.

Location analysis is crucial, considering demographics, retail market performance, and traffic counts.

Purchase Another Investment Property and Utilize a Cost Segregation Study:When you reinvest in a new investment property, you can perform a cost segregation study to accelerate depreciation.

Perform a Break-Even Analysis: Determine how long it will take for the savings from the refinance to cover the prepayment penalty and any other refinancing costs.