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).

i suspect this will vary by market ….  

This could boost your cash flow without relying on stock market returns (Which can be volatile)2.Real Estate Professional Status (REPS): If you’re leaving your W2 job, qualifying for REPS can allow you to deduct real estate losses against your ordinary income, giving you a big tax break.3.Cost Segregation: This can accelerate depreciation on your properties, creating significant tax deductions.

Instead of taking bits and pieces of everyone's information which will vary greatly by municipality, consult with a local contractor who specializes in basement conversions.

Does it vary from state to state?

I rely on historical norms to create a baseline for what to expect.

They claim to speak with around 200 people per day (not an exact number, it varies from day to day, but this an average), and they upload reports/logs for me to review daily.

If I'm not onsite, I really rely on hearing "hey, consider replacing this carpet".

I just came across it on TikTok and thought it was too good to be true, although reviews are varied, they all point towards being more positive than negative with the caveat of the large amounts of money you need to get the most out of this program. 

Hey Su -It's not true that prepayment penalties aren't allowed in Ohio in ALL instances - this varies based on lender and/or loan amount.