It’s inspiring to see your commitment to learning and helping others grow as entrepreneurs and investors.I’m sure many of us here, including myself, will appreciate your insights and advice on scaling businesses and navigating the real estate world.

Many lenders include a prepayment penalty  that lasts 3-5 years, which could limit your ability to refinance again if rates drop in the future. 

Are most of you including things like property insurance, etc in your CoC calculations?

One number which does not include the original rate buy down, is $7K less than the original list, and does pay both the agents commission.  

In fact, we even replaced her brand new heater.

Another key point in loans is that the broker or direct lender will often try and include the costs into the loan, for some this is fine but you are paying interest on that money over a long period of time....FYI

Insignia is a Best Buy brand made by Hisnese.Check out their reviews online and see how people rate these.

My goals include cash flow and appreciation and I realized there were other properties that better align with what I am trying to accomplish.

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).

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.