Cap rates seem pretty low relative to mortgage interest rates.Has anyone seen this model work in this economic environment?

I agree with @Francis Faucher completely.Definitely not worth it to swap business models if one is working well, would be silly in most cases.A few investors and agents on my team in MA are operating in the syndication space putting investor capital to work with great returns even by today's market.

If you want to copy that sort of model, go be someone's assistant for a while, with a base wage that'll keep you from starving. 

I did not know that most DSCR lenders don't prefer a business model aimed towards student renters.

Modeling it in three scenarios, best case, worst case, and most likely. 

But an amazing business model. 

but might pivot into other models if the opportunity presents itself! 

@Lorien Rollins what model do you use?

I am interior designer and home re-modeler.

My company does the following:• Free and simple MLO Licensing (22 hours online or in person and you choose your schedule)• Mortgage team to handle the backend (meaning, no structuring, underwriting or processing loans) • Competitive mortgage rates backed a company with 20+ years in the business• Downline revenue stream on the lending side (similar to EXP model.)• They do not have to change brokeragesIn my mind, there aren't many cons to this.