If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

Otherwise you spend year 1 paying yourself back for the furniture (if you're lucky) and then hope to make a profit in year 2, only for your lease to possibly change terms, losing all of the time you put into building your brand.

They play this game because the guy has a criminal record so the woman applies for the apartment alone.  

How many kids get to play minecraft or COD on a big projector screen right? 

You say the contractor is resubmitting the revisions but where is the architect and what role is he/she playing?

And there are sponsors that have survived multiple cycles with little to no money lost and sponsors that are brand-new (and everyone in between)So these all come with a wide range of projected returns, actual returns and experiences.

DSCR doesn't require the property is rented, but with the loan amount at play that would not be an option for everyone I've heard of. 

Your success is much more influenced by how well you play in a market, how good your team is, than by picking a marginal better market.

Decide which game you want to play.

Furthermore, this rule may be disregarded as investors become more creative.For instance, if investors intend to buy and make a long-term hold play, betting on appreciation, they may be able to afford to pay more.