I’m an STR for 17 listings in San Antonio and you gotta compete, especially if you’re getting a standard 3/2 house.  

That will help you remove what’s left on credit and make room to use portfolio/standard or DSCR.When you are not using a local bank or credit union you are going to have to pay the typical origination fee's or points.

There standards for purchasing are higher than most in the industryYour investment fee is refunded upon your first dealThey teach you 10% of the industry, how to broker for them which is understandableBut they are real and so is the Money

Your points make a lot of sense, especially with the solid demand, low housing supply, and stricter lending standards.

You are correct, All of the standard Market companies I contacted would not write the coverage with an open loss.  

They are very standard. 

Quote from @Mary Joe: As long as you have justification and you apply the standard equally to all applicants, you should be fine. 1.

All standard stuff.

Such a reminder that these rules are not the standard for investing.

With this knowledge, it seems as though out-of-state investors are analyzing markets that have great job growth, high appreciation, low unemployment, low taxes, but are still "affordable" compared to standards in more expensive parts of the country.