It was a standard loan.

The requirement is that the house meet habitability standards, and building code standards say a house must be pest free to be habitable.

All the same rules of a standard DSCR cash-out refinance would still apply.

This area of banking could do with some standards. 

I was in the same boat when I moved from Portland OR to Columbus OH and started with a house hack so I understand the challenges of getting started with a new market.

Nor do I understand how it cost you hundreds of thousands in funding to not have payments recorded.

I'm absolutely clueless, and am looking for anyone who is willing to share their experiences, advice, or point me towards resources that could help in understanding the market better.

However, thorough research on local markets is crucial to understand property values, rental demand, and economic trends.Leveraging Debt:Strategically using debt, especially DSCR loans, to acquire more properties is a common approach.

This will help you in the long run, as you'll find your agent experience will be a blessing & a curse:- Blessing due to your understanding of MLS, searches & contracts.- Curse because MUST change your agent mindset.

For example a price below where I think it will sell for, attracting more Buyers, but not too low where I'm doing unnecessary work filtering out Buyers who don't understand the market conditions.