Ask for a "Pre-Underwrite" this is where the bank underwrites the file and give you a "Loan Commitment" instead of a generic "Pre-approval" letter.

The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?

Some use hard money or "soft money" dscr loans.

My concern is that I might be over leveraging myself if I try pull out a 20% down payment for a DSCR loan.

I am approved to use VA loan at 5.5% guaranteed.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Pre-approval for loans is essential, as is learning landlord-tenant laws to manage effectively.

What are you considering a "conventional" loan vs. a DSCR loan?  

@Elizabeth RossFor properties under 100k you will likely need to use the BRRR method as its difficult to get a 30Y loan on a properties valued under 100k.

The $450K will be returned to me as payback of my loan to the intermediary, without trigger any capital gain taxes, right?