These are typically interest only and require a payment of 1-4 points up front depending on your area and the PML.

Peter Lohmann’s newsletter is a solid source for staying on top of national trends; I’d recommend subscribing if you haven’t already.In Texas, I’ve noticed increased activity, especially in the Dallas-Fort Worth area.

@Vidit Maini,I'm a structural engineer in the Atlanta area.

While living in a high-cost area can present challenges, it also opens doors to creative strategies, like investing out of state or leveraging partnerships.

You really got to do due diligence right now if you look into Lake Okeechobee Florida and that surrounding area I feel it can go well.  

Foreclosures there are a whole different thing; buying a house and not paying like that is pretty weird, just like eviction is. 

Hi @Mary HollandDSCR loans are a great option for real estate investors since they focus on the property's income potential rather than personal income.

My immediate area, 5200 people, has 3 outdoor self storage and 1 new climate controlled.

Since pro forma's are a projection they are as good as their assumptions, as an investor, you need to agree with the underlying assumptions. 

As for your income, you need to talk to a lender that is licensed in your area.