You can do a 1.0 DSCR but all that means is you do not have a good cash flow asset and you are just holding for appreciation only.The refinance portion will require another appraisal. 

In some cases, we give them a 60-day notice but in this circumstance, we would stick to what the law requires.

Or REQUIREMENTS for personal use. 

Freddie also requires that the borrower loan guarantors demonstrate prior multifamily experience.

Most HMLs will require these.

It's required now with the new regulations.

It is NOT required by law to sign a buyer's agreement before you start touring homes.

Hard money lenders (HML) typically want to ensure you have the financial stability to handle the property and loan repayment, so proof of liquidity is a common requirement.

Tell them I had this done and I was unaware of the requirement and will abide next time.

If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!