Quote from @Michael Baum: One DSCR lender said they were in the 9-10% range when I was looking around.Plus you can't really get the seller to buy down the rate as it is a commercial product.Some places are advertising 7.5% loans, but that is usually with 50% down.

Quote from @Michael Baum: Quote from @Bonnie Low: What a great space @Melissa Silk!

Quote from @Michael Baum: Hehe @Bruce Woodruff, I am in Idaho at our lake house replacing blinds.

@Michael Baum, well played. 

@Michael Baum - very true, been researching that.

Quote from @Michael Baum: Hey @Wilson Hunter, what are they planning on doing with it in the long run?  

Then, as @Michael Baum said, you start working backwards using a spreadsheet until you've got all your income, all your expenses, and the sacred Net Operating Income (NOI).

Michael Baum is correct on mid-term being the same as long-term as far as the codes go.

@Michael Baum It depends on your state. 

Quote from @Michael Baum: So I hear the argument about living next to a Super 8 and I understand, but a well run SFH as a STR is not a 120 room budget motel.