I like the part on asking questions to determine a decision. 

Discussing this with your DSCR lender can help you determine the best strategy based on your financial situation and the market conditions.If you need further guidance or help, feel free to reach out!

Realize the difficulty in determine a tenant has been rewarded for misbehavior in the screening process.My view is LL that do cash for keys are a big part of the problem and that these LL need to realize this.  

@Zachary Wurtz With a HML, leverage will be determined by a combination of your experience and the deal details.

On the other hand, I bought mine in 1983 for $150K and sold it in 2003 for $450K after determining the property needed $100K in rehab.

I make sure (1) the borrower has a 10-20% (or more) down payment of his OWN capital invested (2) I understand time value of money and use a realistic and appropriate interest rate to determine the actual value of the note I’m holding and (3) obtain a personal guarantee unless the entity purchasing the property has financial strength in its own right (4) the lien I hold is in 1st position.

(Approximately 13 states have either state Inheritance Tax or state Estate Tax, so that would possibly apply in other states besides PA.)Welfare LiensNursing home liensMechanics LiensMortgages in order of recording date, first mortgages before second or third mortgagesJudgements (once boought a property where there was alien because the owner got in a bar fight and was sucessfully sued for medical bills esulting in a judgemen.)Federal Tax Liens (Special rrules apply to IRS liens)The precedence of pay off is determined by state law, government first, then the rest by date recorded.Then is anything else is left over it goes to the former owner.On one of our purchases there was a big Nursing Home lien that the Tax Claim Bureau was not aware of. 

If no amount is stipulated, Tenant must pay Landlord’s actual reletting costs as far as they can be determined.

Investment Property: If the lender determines that the property is being purchased solely as an investment property, then the down payment will usually be 20-25%.

At this point I need assistance and advice for the up-front (call it "back of the napkin") assessment to determine if it's worth moving forward on.