Most, if not all DSCR lenders require first and sole lien position with their refinances. 

If scaling quickly is your goal, DSCR loans are a great tool for the refi portion since there’s no 12 month seasoning requirement like conventional loans, and DTI isn’t a factor. 

As you mentioned, the IRS requires distributions (RMDs) so they can get their money in a timely manner.

In CA (my market) the seller is required to make honest disclosure statement and you can collect for material non-disclosure.I suspect you already have learned that you need to check the status of all permits. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

With only requiring 5% down the money needed is very low compared to the Cash On Cash return you could make on a small Multi Family. 

The US taxes global income which dramatically increases the reporting requirements.

•Many STR investors are in the $300,000–$500,000 range, so homes closer to $600,000–$700,000 may face less direct competition but will require higher nightly rates to be profitable.

Every lender has different criteria when it comes to seasoning periods, LTV limits, and DSCR requirements, so knowing those details upfront can help you structure your deals more effectively.Looking forward to seeing how your BRRRR journey unfolds.

In some instances the estimate may be less important but rarely if ever do I not see a requirement for no appraisal unless the value is 4x the loan amount.