The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

The DSCR lender will likely rely on both the 1007 and the AIRDNA info, sometimes at the lender's discretion (which one they will use for income calculation). 

Calculate the blended rate, your decision as to what to do (2nd or 1st lien refi) is all in the math!

Nonetheless, you can base the DSCR calculation on PadSplit rent (if there's a history of PadSplit income being produced) or short-mid-term market rent (an analysis done at the same time of appraisal).

View report*This link comes directly from our calculators, based on information input by the member who posted. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

Kentucky should have been expanded into their calculations. 

A $240k loan amount on a $249k purchase price seems crazy and I'd never expect to produce any net positive cash flow doing this.How are you calculating your property taxes?

Regarding calculating ARV, we also own a mortgage company and a real estate company, we we do a CMA using the MLS.

Use search function.People have posted STR calculators on here.