Some lenders will underwrite off of the "Note Rate" and some will "Stress Test" the rate to a rate higher than the "Note Rate" which will give you even less leverage/lower DSCR. 5. 70% LTV on a 1.

I will remodel, furnish and test this model for approx. 6 mo.

But, you have to be time tested and proven.

However, identifying four or more properties means your exchange must also pass one of these two additional tests:1.

@Viral Mehta why haven't you already implemented these procedures to test them out while you are still local?

I only invest in regional drive to markets that are tried and tested true vacation markets.

Recommend you start your business plan and then do stress tests against it. 

I used a little while to test things out.

I've split tested this and local callers have always gotten more leads than VA's....even well trained VA's with little to no accent.    

Lower income areas tend to see lower rents, slower rent growth (Outside of initial renovation).And, if you are taking out commercial loans, there will be a DSCR test along with the appraisal and LTV.