With a DSCR loan, it is perfectly feasible, but they are much different than a Conventional loan. 

But in this case what is the difference from the buyer prospective, other then they are getting a better loan/ equity situation then conventional financing?

you don't buy with long term / conventional financing and then refinance again into long term / conventional financing - many properties are too distressed to even qualify. so the "interest rate when purchasing" is irrelevant - the deal either works or it doesn't.

These companies selling products tend to drain agents dry at these conventions selling every do dad that is supposed to give them an edge over everybody else.

You could likely get into a rental with a DSCR loan at 20% down, which would be similar or less in terms of DP on an owner occupied loan via conventional financing in eastern MA. 

 - Fannie/Freddie (f/f) residential conventional loan is the cheapest money available.  

Looking ahead, once you secure a tenant, perhaps this is something that should be explored to make the next lease up easier.Also, @Caria Mitchell raised an interesting point in saying: We are experiencing a shortage of qualified applicants, I’ve noticed non-conventional applicants vs qualified applicants that don’t have a voucher or some form of subsidy. 

There seems to be a convention to hit just about every weekend. 

From the financing side of things - keep in mind that conventional cash out refinances require 12 months of seasoning in order to use the new appraised value.

Also would charge points at origination and bump the rate up a point or twoReason being my guess is this borrower can it get conventional financing so they are a higher risk.