All commercial mortgages have DSCR as a primary component, anything >4 units is commercial, and no one calculates personal DTI on a commercial mortgage (so calling it a "DSCR loan" is a misnomer, if I had a wonky commercial mortgage that calculated DTI and would go for an owner occ SFR, I wouldn't call it a "DTI loan," I would call it a "home loan").

SROs are similar but most of the time in a roommate situation the leases are for a year and align with each other.

I'm aware that as we learn more our plans - which are more ideas than plans - will shift to align with reality.

My goals align with those of your group, and I am confident that my skills and expertise would be a valuable asset to your community.

You, as the property buyer and payer of the note, need to ensure that the monthly payments are affordable based on the rental income generated from the property.The terms of the note (interest rate, monthly payments) should be structured in a way that aligns with your rental income and financial capabilities.We can go over how to do this if you would like.

If the property aligns with YOUR goals, then yes, it was the right decision. 

I also recommend something six months later, typically aligned with transitioning from winter to spring.

Definitely take advantage of it the first time, but align your strategy to look for an alternative when you are looking for your third property.  

However, older instances are to be considered more holistically, suggesting a more lenient approach to past financial or rental difficulties as time passes.Exemptions and Protections:Certain properties, particularly older houses that cannot easily be brought into compliance with current codes, are exempt from some source-of-income rules, acknowledging practical limitations in applying these rules universally.Landlord Liability:The ordinance provides protections for landlords in terms of reliance on third-party information to reject a tenant, mitigating potential legal risks associated with tenant selection processes.Fair Housing and Legal Compliance:All considerations of prospective tenants' applications must align with fair housing laws and other state and federal legislation, reinforcing the ordinance's compliance with broader legal standards for housing discrimination.

Now that I'm more cognizant of the importance of asset protection, I wish my provider would do a more comprehensive job of explaining the importance of the various components of insurance.