I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Do you have an inspector come out the property every time or can we use app to confirm work has been completed?

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This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy. 

I used a HELOC to cover the down payment, appraisal gap, and furniture, allowing me to enter the STR market without depleting cash reserves.

No one pulled a payoff to confirm the balance or looked at the latest statements before closing? 

It might be worth a follow-up closer to the move-out date to confirm their plans, but avoid excessive contact to prevent escalation.

He looked at issue, confirmed there was nothing funtionally wrong with the disposal or its plumbing structure.We and the Plumber gave the tenant instructions on how to use an enzymatic solution he had, and that the plubmer told us it sometimes happens with grease and/or food that is left in the disposal.

Property taxes will likely be reassessed based on the transfer value, so confirm local rules to anticipate potential increases.If you hold the property for at least one year, you can use the equity as collateral for a construction loan, aligning with your long-term financing plans.

The last two hours were with the legal team at MR and they confirmed there can be no other up front charges beyond the one month’s rent cap.