Meeting strangers at a vacant property is always a gamble also.  

DSCR guidelines vary by lender and working with a mortgage broker or lender that specializes in these mortgages can help get better terms such as a DSCR 1 ratio vs a DSCR 1.2 ratio.

If so conventional will be better because FHA/Conv guidelines are the wheel house typically of mortgage broker and some times banker (synonymous names but they all do and sell the same product).Credit unions can sometimes do Fannie Freddie/conventional FHA too but generally aren’t that great at them.

Folks will generally have a fantastic rental strategy but they don't fit the lense of regular guidelines.

An RMLO license does not teach mortgage brokerage management, it's a very basic license to originate loans under strict guidelines....originate, not underwrite.

I own a duplex in Cincinnati, rented out to section 8 tenants. I received the following email today.Good Afternoon,Be prepared! HUD is changing its inspection criteria from Housing Quality Standards (HQS) to National ...

Unlike your cookie cutter Fannie/freddie Mac loans, guidelines vary drastically from lender to lender.

At some point you have to accept that your first attempt may not be perfect, but if you set some guidelines and narrow your focus down to something that's achievable you should be on your way pretty quickly.

That guideline is lender specific, so I would suggest shopping it around. 

Many are adjusting their draw funding guidelines on the fly.