Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

You are correct about that, but that's usually a computation and decision that an investor makes after a couple single-family homes or small multis.

Good luck in your search and decision, I'm sure it will be a good one!

Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

@Ben Syzek,Congrats at the decision to start learning about REI. 

Why ask: Knowing the mentor's expectations will help you prepare for what’s required in terms of effort, communication, and engagement in the program.Asking these questions will ensure you make an informed decision about whether the mentorship program is a good fit for you and your goals.

@Bryce MillerWelcome, and congratulations on making the decision to leverage the owner occupied loan to get started in real estate investing.

This can provide additional capital for future investments and get the next one.Or evaluating other loan options:Depending on your long-term plans, you could explore conventional loans or portfolio loans that might offer more favorable rates or terms with the new appraisal value factored in.Your decision depends on your broader strategy.

A turnover means repairs, painting, cleaning, marketing, vacancy time, and lost rent, so a small discount is often a better financial decision than churning tenants every year.There’s a lot more to consider, but these are some key lessons I’ve learned.

I’m glad to hear you are happy with your returns and your decisions.