I currently live next door to one of the areas most popular restaurants and my vehicle is somewhat distinctive if you notice it simply because no one else in the area has one, not because it’s an expensive sports car or something.

Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available

Sounds like a good choice then to do the HELOC, especially if you are going to make it a rental in the future and a HELOC will be harder to come by once it's an investment property.

It's a market that has been popular with out-of-state investors because of its affordability, strong rental demand, and appreciation potential.If you’re interested in learning more about Indy or would like to chat about how to maximize your first investment, feel free to reach out.

Unfortunately, some choices are business decisions and you have to get over the emotions of the moment. 

DSCR loans, while still a relatively new product, continue to expand in use and popularity for investors looking to achieve financial freedom through real estate.

However, I am now on par with the other popular amenities for the high-performing properties .. examples include: outdoor space w/ seating, firepit, grill, games, walking distance to nightlife, retro video game, thoughtful mural art, quality pictures & listing details.My target guest group is a small group of friends or a family that values walkability to entertainment & nightlife and a very short drive to major Pittsburgh attractions.

We are stable long-term tenants and would prove to be a good investment choice.

I was under the impression that this clause says  that the appliances are there but they are not included in lease so Im not responsable for them and that it is their choice to use them or not.

The seminal book on the strategy, 30-Day Stay, published here on BiggerPockets and written by MTR pioneering investors Sarah Weaver and Zeona McIntyre, has helped popularize the method.