They will pay high prices to meet needs that are not income producing - they are shopping for a different product that is provided from the same stock that our income properties come from.2. having deep enough knowledge of the neighborhoods to allow us to recognize a good deal takes a lot of time.

DSCR is a business-only product, so you cannot owner occupy. 

I've found great demand for the product, but everyone backs out when I ask them to do the following.Fill out an applicantGo through the background/credit checkPay a security deposit or move in feeAm I going about this wrong?

Turn it into a self directed IRA and invest in a syndication or other type of RE product.

I was sold the product by the sales rep that it was full functional accounting system but it's not.

MF is commercial OVER 4 units from a lending perspective, since you are outside of conventional Fannie and Freddie lending products (until you get into over $1mm balance from the Small Balance program).  

This is most common with GSE products like Freddie Mac and Fannie Mae.

interesting to see, a bit different but any market has development that works. we do a similar strategy for new construction but it's based on land location and identification rezoning zones that are ideal for high density in columbus oh, and a product that does very well which we do a triplex on a slab. all the same. 50k for a lot, 300k hard cost build for a stacked 2/1 triplex about 650 sq ft per unit, appraises for $500k approx when done, total return of capital within 12 months (Build, rent, refinance, repeat), and then redo the same process. it's harder to do it in some areas but in columbus we mostly do it in the urban core where density is typically supported because of the abundance of multifamily already. 

Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans. 

but that's how far out I am trying to lookI remain bullish on the US as a whole true, thing is we can't predict more than 2-3 years from now. so we can't sa what happen in 30 years, if their economy is continue rising and they accept more immigration home price keep going up.in 2020 we thought the covid would bring everything down, but covid actually bring everything up lolalso asia is extremely different than US, overthere, everyone is more cautious about money so they would chase real estate like crazy, especially in very limited constrained land like in seoul or busan (jeju maybe different lol).i am actually three times more bullish for south korea home price than detroit+indianapolis+denver real estate combined because south korea has the real economic productivity, unlike the old USA that only can print money to survive lol