Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

I am not familiar with this exact DPA program.

That being said it would appear on the surface that there's plenty of inventory, as there's tons of listings.

Does anyone have a "program" or formula to use to establish a reasonable list price based on current income and expenses.

NATHAN KUPPERMANthanks :)Fiona and Obie They appear to be a newer company - around one year.

Wondering if there are any gotchas or anything to be aware of when using this program. 

A lot of DSCR programs I'm familiar with don't cut back LTV like that until you get to 5+, generally 1-4 units are classified together with maybe some kind of rate adder for 2-4. 

It could be helpful to you (lenders will want to see lease agreements) and it is good for the family member (they actually could do a program where them paying rent increases credit). 

I requested my funds back and they just sent pictures of their no refund policy.I tried watching their tutorials to learn the program but none of the buttons existed that were described in the tutorials.