Every jurisdiction is different, but in general it's usually a civil engineer and/or architect and/or general contractor who can give you an idea of what is feasible. 

I financed this deal with a bank loan and through personal funding.

From what I understand, banks tend to avoid financing properties with SRO units due to the perceived higher risk (inconsistent cash flow, transient tenants, zoning issues, 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! 

Overall, I am trying to find a bank that can still do 85% LTV with this type of credit.

For me, the problem was, I did not know what I know today and the only loan I thought was available to me was from a bank.

You will pay upfront points for the "risk" the banks take for not digging into the borrower's ability to pay.

(outside of going after your personal assets) Banks and financial institutions are too smart to be putting themselves in this type of scenario.  

Hi there,I was wondering if anyone has experience with using Baselane for banking for their rental properties and thoughts on it.I will be closing on my first rental property in about a week and would like any helpful input on apps such as TenantCloud, rented, turbotenant, etc.Located in NE Ohio if that is a factor.

The single family I bought for $55,000.00 financed with a bank with 20% down.