I own several single-family rentals (SFRs) with Section 8 tenants, which have built significant equity over the years.

I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.

How would you manage risk? 

There are several "real estate programs" out of their that the FTC made return millions to people. 

Even trusting a brand new GC who's licensed/"qualified" is a risk from out of state, let alone out of country.

If it is someone you know you can give them a straight return as if its a loan - can provide a lower interest rate to provide upside - it really depends on the lender and what are they concerned with and what is their risk profile. 

A no contingency sale would be more common in a severely distressed non-functional property where there will be so many material defects that the buyer could not feasibly negotiate until they evaluate them.  

I understand why carriers associate Condo/PUD construction with greater liability risk (I am sure being based in Philadelphia, a jury friendly city doesn't help either) but curious which carriers others are finding to price coverage without this exclusion and also price the coverage competitively.This also serves as a reminder to review the coverage when you hire a GC for more substantial or unique construction assignments. 

Starting small with duplexes or triplexes aligns perfectly with my risk tolerance.

I have given asking price several times with no quibble, particularly if I really liked the property and the numbers worked well.