I'm closing on my properties now so it's a little easier but there's still a lot to do.

Usually the loopy terms are exaggerated compared to the deal they actually transacted on because they have to make their "system" appear even more marketable. 

@Jason Staine Our aim is to be easier to use than your local bank. 

Another reason may be that you appear unprofessional and interested parties are looking for a sweet deal like a landlord that doesn't screen or is negotiable on all their terms.

Appears the property in question can be used as residential or commercial and there are advantages to such a designation.

There still is a tendency for DSCR Loans in particularly to get lumped in (throughout securitization) with other "Non-QM" loans, mostly owner-occupied when they really shouldn't be in my view, further a lot of the "tech" and software, systems buildout (including loan doc generators) are based on consumer resi which creates a lot of headaches.Anything rehab/construction related though (which is what the original post appears to be more about) is a different animals though - experiences are likely to vary markedly by market, lender, bank etc quite a bit

As an update, we did sell some of our properties mainly due to a change in strategy (the return on headache was not worth it for the small buildings) so things are a bit easier.

The more of these assets the sponsor possesses the greater the chance and easier time he’ll have 1.

You will have to spend considerable time and energy getting familiar with a new market whereas if you stick with the original one you appear to have enough capital to get started right away on a new building.

Make sure that you have a clear case for all of those repairs: before and after pictures, move-in form, etc The more evidence you have against them, the easier it will be to proof if they decide that they don't agree with your deduction.