(Not actively purchasing as my money is tied up in the market right now)...so with the 2 lenders i've gotten here:STR DSCR Rural (not a log cabin or other non-conforming structure) just remote sfrHybrid loan 15% down, interest only investment loan with seller paid points to get to ~8% and reduce closing costs DSCR would use long term rental rates to establish monthly DSCR and then offset monthly with average DTI and 800+ credit and high cash reserves as long as DSCR is .75+additional appraisal to establish STR rate estimates to be used alongside the standard long term rental rates5 year prepayment penalty with reasonable terms

Generally is going to be OK the only issue is that it can be challenging to confirm the transaction is truly arms-length on an off-market deal and I believe all DSCR Lenders do require Arms-Length transactions. 

This is fantastic research, and I would mostly agree with both of you, but as an investor and commercial/investment real estate agent in Syracuse I can confirm that we have the good and bad that comes with a lot of the cities in New York outside of NYC.

Our market study is very favorable and was confirmed by a 3rd party feasibility study but its always a question mark until the doors open:)!

They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price 

I figured it would put me on a mailing list forever, but what the heck I saw the PPM for Reserve at Ormond Beach. 

I do not have the paperwork from county yet but after speaking with attorney at Lonergan, they also confirmed same as the other attorneys I have spoke to.

Not only were the houses so interesting and beautiful, we were blown away by the welcoming and genuinely friendly community in West End - it confirmed we are making (what seems to be) the best decision buying on the westside.

Also you need to figure out how you intend to cover inevitable property damage done by guests but there are plenty of solutions for that in the marketplace where guests pay a flat fee per reservation in lieu of a deposit and you get covered for an assortment of potential issues (bad checks, credit card chargebacks, fraud, personal property damage, etc.)  

Then make sure you have enough in reserves because it would be a reimbursement draw for rehab funds.