To summerize, a DSCR loan, aka lite doc or business purpose loan, uses the rents you receive on the property and divided by the new loan PITI to receive a ratio.

I’ve also taken out short term loans (1-5 years) to use as my 25% down payments.

WE dont pay a fee for the credit line as I mentioned just 1/2 point for each new loan..

Long story short I have never put more than 10% down on a loan and I have never use FHA.   

Here is what I learned...1) They buy properties in Ohio, and that they claim each property would deliver a 30-35%+ cash on cash return. 2) The promised 30%+ cash-on-cash return is achieved with interest only loans.

It's all fun and games until your bank freezes and converts your line for any number of reasons that are in the loan agreement.

My guess is if you can make the interest rates work, there will be dozens of these available in about 2-3 years when the loans start maturing.Good luck and best wishes. 

What loan terms are currently being offered for these type of rentals? 

I never make a loan, no matter the equity position, that the past actions of the borrowers lead me to wonder if they will be likely to pay me back. 

They are bought either with SHORT term high interest (hard money) type loans or purchased in cash.