I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Remember that you can only get one home equity loan per year, you can only have one home equity loan on your home, and you cannot convert your home equity loan into a different type of loan, so choosing the wrong loan can be an expensive mistake that you cannot quickly fix.Time Factors: If you need money quickly, don’t forget the schedule for closing a home equity loan, and make sure you will have time to complete the process, close on the loan, and wait through the cooling off period before you have access to the money.

Any lender should be able to give you a super quick calculation of estimated savings based on those factors to see if this is a good time for you to refi!  

These will need to be factored into your all-in costs.

@Sean PetrashTo find a suitable property for short-term rentals in New Braunfels, consider factors like budget, market realities, property type, location, financing options, contingency planning, STR research, alternative rental strategies, driving for dollars, property management, and long-term vision.

since then a bunch of factors have come together to make it way harder. 

Hello BP Community, Why is P&I / Debt service included in NOI and not factored into operation expenses when adding up GOI ? 

should it be interest only3. what fees should i charge4. if i am using a loan servicing company how do i factor in the fees?

That played one factor in it.

Sometimes a BPO does not get us comfortable enough with a property and a full appraisal may be required dependingon project size and other factors.