DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

They do everything for you (payments, taxes, insurance coverage) - the website and app are easy and functional and you can vet your guests!

Quote from @Harita Konjeti: Tenant has not paid entire rent for first month, do I have any other options other than charging late payment? 

If you haven't got keys, evict for non-payment as its the easiest Eviction.

For those that rely on traditional methods and personal experience, I can understand this perspective.

Annual fee of $1,000, no other payment options. 

32k or even 42k on a half million dollar house doesn't sound all that good.What's your projected cash flow after all your expenses including a likely higher mortgage payment than the current owners?

Hence a win win, I'm thinking, finance, we can make the payment with $10K down, $400 mthly with dealer financing.

However, if you have a score over 720 and good cash flow, a bank loan could be an option with a lower interest rate and hopefully lower monthly payment.

its kind of a trade off because i can get a newer property at a higher price and down payment, or get something older, less down and then use that money to fix what i need to fix.