Have you talked to a lender yet about this because you may be looking at different qualifications personally for a 5 unit loan versus a 40 unit loan.

If they are asking for a 2 years tax returns, paystubs, etc, you may be doing a full doc loan (DTI + DSCR qualification).

What are your qualifications?  

However it could be location,  Common area, size, laundry, tenant qualifications (in rough areas you are not going to get many tenants with unblemished credit), parking, look of surrounding properties, etc.   

Thank you,Aamna Hi Aamna - MTRs are certainly a newer thing and most DSCR Lenders (and pretty much all "conventional" or bank lenders) will be slow to adapt, however the more forward thinking DSCR loan providers have embraced it.I published an article here on BP just last year on the "next developments coming in 2024 for DSCR Loans" and MTR qualification was one of the main ones! 

This way, you maintain the freedom to pursue other deals independently.Additionally, I'm curious if you've come across any "wholesale as a service" models where a buyer provides leads, and the wholesaler handles the outreach, qualification, and closing of deals to investors for a fixed fee.

I'm just short of the income qualification but would still have to wait two years for that to season.  

Instead of needing to meet DTI, income, etc qualification standards, DSCR loans qualify based on the asset itself.

Rate is reasonable at first glance but yes rates are moving down and should continue to shop, get quoted, can be major changes day over day10% Down DSCR doesn't exist and has never existed to my knowledge so I wouldn't count on that15% down does exist and is rare, however as others have noted, usually it doesn't actually work since the restrictions, such as a high DSCR ratio or LTR only rent qualification (and high rate environment) never let the numbers work however as rates continue to fall we may finally be able to see some 85% LTV DSCR Deals actually pencil again!

Feel free to inquire about their staff qualifications if it's a larger organization.2.