Look at their marketing strategy.

Are you looking in other markets outside of NY? 

I used a heloc to purchase the first 4 rentals, so $155k of dept is wrapped up In  that until I refinance each property which have already appreciated extremely quickly given the current market. 

Same goes for the MBS market.

If there is minor rehab (such as painting and cosmetic improvements) you can still close on a DSCR loan, however it may affect your appraised value, which could also affect your market rent if its a vacant property.

It sat on the market and dropped in price a couple more times at which point we decided to make a new offer.

Look at their marketing strategy.

If they change their mind, I put the property back on the market and look for a new tenant.

As I settle into the new year with my game plan Im curious to know what Margins investors are looking to receive in this market.

I'm an independent agent here in AR and I write a lot of rental property, with ~6 preferred markets and if the properties have some issues, age, claim history etc.