Hi Petya, DSCR loans are extremely polular with investors in the Detroit market.

He provided a list of staging products, and now we’re realizing just how expensive it is to get the house ready for Airbnb.

That is extreme.

And the 30% ratio does not work well in extremely low income area, you need to assess closer to 20 or 25% of income. 

@Brock Mogensen, I scheduled a demo with their team and it looks like a great product.

or any kind of product that will help me tap into the equity of my lot. 

I don't intend to keep this up as products are updated.https://airtable.com/appQfAgO7szJR58b2/shrZwR7x8Zpd2zkpJ

I wanted to add to the Why, should a investment property buyer use a DSCR program over a Full Conventional purchase or refinance, as we do all programs, whether for a primary, 2nd home or investment property.Currently Full doc loans, meaning using tax returns (2 years) for qualifying can be tedious work and interest rates are higher compared to our DSCR products, since on Fannie Freddie conventional loans require LLPA's ( loan level price adjustments) added to the base rate.

And the price to enter is extremely low compared to other markets in the U.S

Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.