Most lenders will vary how aggressive they will get based on the experience of the operator (you), but I don't know any that will lender to someone who's never done a spec build like you're contemplating.

My wife and I have obtained three traditional loans and one lease with the option to purchase, resulting in most banks turning us down based on debt to income (non-portfolio lenders). 

The biggest key was understanding that It was more important to get on base then it is to hit a home run.

You can get a refi based on the as is value after 3 months of ownership.

I would also let them know they are ranked on a point system based on our application criteria.

Based on the numbers and my strategy, do you think this is a good investment for my first property?

More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I have a C property based on age and condition that is in an A / B neighborhood.

I'm constantly juggling the rates for my Airbnb listings based on what my competitors are charging.