Adding taxes and insurance would be an even higher payment. 

Luckily I had extra cash and I will close.

You can find different strategies on how to find and reach these folks, such as driving for dollars, targeting mailing lists, networking with Realtors and other wholesalers, and having an online presence, plus paid social media ads, etc.

If you're only doing one off flips here and there this won't work though as you'd be paying extra interest that you don't need to. 

We used to use them for direct mail, email, and social media ad campaigns. 

With loan extension you might have to come up with extra payment to get DSCR in range lender will approve.That is why to go through this exercise NOW and if you know tenant wants 300k TI to extend and bank wants 300k to pay down estimated balance when new loan placed you need 600k to come up with.

You can have an extra large garage on this level, plus some storage, maybe even some covered outdoor living space.

Put an ad on the AA county nextdoor.com looking for people .

The policy consideration behind the higher leveraged loans is to provide financing for individuals who have high earning potential and are at the start of their career where the earning potential has not yet materialized and perhaps are dealing with the added burden of student loans.

Adding small single unit is expensive development.