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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Be prepared to transfer title back into your individual name before refinancing the loan.

What is the max # of total occupants, meaning can 3 people move into the rental or just 1 individual.

While a 3.5% return seems low, the buyer profile for this asset was individuals in wealth preservation mode.

@Will Ervin Try local real estate investor meetups.Key data points that any lender (HML, private individual lender, or other) will want to understand about the project are:- Property type (e.g.

I'm trying to assemble a group of like-minded people to take down deals and improve each other individually.

@Ifeanyi Okoye Welcome to the community, BiggerPockets is a great resource to connect with like minded individuals.

You need to look at each individual property, how old it is, what major repairs have been done and when, and what it will cost to do major repairs. 

I personally have each of my properties setup in their own LLCs (no biz license required where I am at) and then have a personal liability policy to cover myself as an individual in case someone got through the LLC wall.

The differentiator for individual mortgage lenders is experience, knowledge, resources and tenacity.