I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Tossed around quite a bit and it isn't what it once was, but the value is still very high based on past performance and brand recognition.

In my experience, allowing these professionals to guide you can be highly beneficial, as they are likely to recommend properties they would be comfortable managing.

With a 4-unit building, that’s a very high customer concentration.

This means the loan value will equal the property value and your mortgage payment will be high.

The bank they are using with that offer is now saying my site prep bid came in way too high and not approving me (so far. still in process).

The gap opening is roughly a 11 ft and 6 ft high.

No, I highly doubt it.

Even though the nightly rate is high, the RE has such high value that the margins are fairly tight.