She immigrated from Serbia, so maybe that is a cultural difference, but my wife was pretty floored. 

No way to say for sure since each lender is different and I have no idea of the terms you need or your FICO, but it is typically the prime rate plus a couple of points.

I absolutely love this community and all the different perspectives.

If they called you first, would you have made a different decision?

I’d recommend shopping around with different DSCR lenders and considering lenders who specialize in investment properties for more flexible terms and options.Good luck with your investing journey!

That may differ by state.

I am not sure what the means for insurance payouts, replacement value and property value are VERY different - does anyone know?

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

Four months of arguing with different people and I finally got my $450 back.  

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.