Talk to a tax advisor that you trust or know someone personally that has high trust with them.  

Tenants in Brooklyn tend to stay a minimum of 4-5 years in NYC due to high costs of moving.  

The high end rental properties can be a different animal than your run of the mill $2,500 month rental both in terms of upkeep and demand.

A DSCR loan is going to require more down, have high fees at closing, a higher interest rate, a pre-payment penalty, and will require you to have cash reserves that you likely don't have at the moment.

DSCR loans go up to 80% of the purchase price and depending on the Debt Service Coverage Ratio and your credit score you can expect rates on a 30 yr loan ranging from High 6%- Mid 8%. 

.• Adverse Features: Do any of the comps have issues not considered in the appraisal, such as proximity to a high-traffic road, sewer plant, or power lines?

- Highly unlikely you'll be able to get separate water meters installed and submeter system probably too expensive for this few of units. - So, that leaves electric & gas.

I think because it's so competitive to survive in California, and being accustomed to high prices, they view the rest of the country as opportunity. 

If it wasn't housing, food, or transportation, I didn't spend money on it. 

Hi Melanie, I both own and manage in the area and to be honest, the market in Kissimmee/Davenport is tough right now unless you're willing to invest a lot of capital into high end theming.