This is something you can shop for, so you can call title companies to see what is normal. 

If that was true would they have not gone down substantially when rates went up?

@Dustin Tucker - I would say that half of that statement is true because it depends on the time period when you buy. 

Quote from @Tyler Carter: Just because you hear something doesn't mean it's true.

Is that true in this case?  

Yes this is true about living paycheck to paycheck for renters.

While this is likely not true for Wellings, I see many, many formerly equity syndicators that seem to have deals going sideways from 2021/2022, now all of a sudden being "private credit" syndicators (I have noticed a lot of these pref equity funds/investments are calling themselves private credit, which clearly has a broader meaning).  

With your excellent credit and a solid down payment, they may be open to adjusting their rate, especially if they know you’re shopping around.Explore Non-Traditional Lenders: Some private or hard money lenders could offer lower rates for DSCR loans, particularly if the property cash flows well.

True non-recourse is extremely rare when investing in small commercial or residential properties and frankly does not really exist at the feasible LTVs most investors are looking to do. 

It sounds a little too good to be true.