Verifying last 2 years of rental history very important!

There are lenders who will let you pull out 75%-80% or so, possibly based on rents vs your own income if you don’t qualify that way, but their rates and fees will typically be higher than conventional loan products, and you may need rental history to go that route.

Most DSCR Lenders will require the property to be rented for a refinance (or if used as an STR for example, have some STR history)  You may be able to find an option for refinancing prior to leasing, but it will make it more challenging and will likely need a "good reason" more than just speed3.

You really need to research the city you need to know every neighborhood understand the city good school districts and bad school districts top employers etc.

This was not on credit history but on chain of title. 

They are managing their own STRs like a luxury hotel, implementing renting strategies similar to NYC and LA where they are renting out rooms and targeting schools and traveling nurses.The clients I have that want an auto-pilot property to do well are not living in reality right now.

If your tenant has a history of failed payments, we permanently move to 3 day holds to ensure the funds are available.

Verifying last 2 years of rental history very important!

This will vary property by property and area by area, but in area not only do you have all the city/county level planning: access, traffic counts, density requirements, unit counts for school districts, sewer capacity, etc, but you also have neighborhood councils which will have additional level of say in final design, scale, unit counts, uses, etc.  

Verifying last 2 years of rental history very important!