As long as you're not in a rush, we always recommend spending some time asking questions of DSCR lenders you might be looking at.

As long as you have the insurance liability, property and flood if you are in a flood plain.

After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).

I know it's not as flexible as a HELOC but as long as your deal flow is good and the tenants are paying the mortgage you won't come out of pocket for it. 

Hey @Joel Oh, so let's clarify the NYC rules around STRs.STRs are legal in NYC as long as these directions are followed."

LTV & CreditEliminate the emotion and treat this like the business it is.In my opinion it does not matter who the borrower is as long as they have a track record of ATR (Credit)And I feel comfortable with the leverage (LTV)

Most people that have been in school as long a you have develop high standards for themselves and others. 

I wouldnt, so long as you have your requirements laid out - they should be able to know if it is even worth applying.

As long as the numbers work. 

We look at lenders (so long as they lend in the asset class you are considering) as an additional line of due diligence (they deeply care about their money and they are likely more sophisticated than you are).