I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

However, as asset valuations become clearer, the vast pool of capital remaining in the sector could offer strategic opportunities for informed investors.Here are several graphs illustrating the current national commercial office market in The United States of America:Full Commercial Office Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1189856/United_States-Office-Capital_National-2024-03-10_a.pdf

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Of course not, & I know that was an extreme nonsensical example but it illustrates my point that the contract isn't what is used to mandate that the companies you hire operate in good faith & use common sense.

And Ashford Hospitality decided to hand back the keys to a 19-hotel portfolio to the lender.The transaction outlook for 2024 is constructive, with investors eager to get in on a commercial real estate sector that is poised for more growth.Here are several graphs illustrating the current national commercial hospitality market in The United States of America:Full Commercial Hospitality Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1189854/United_States-Hospitality-Capital_National-2024-03-10_a.pdf

The ability to adapt and evolve reinforces its continued importance in the commercial real estate landscape, emphasizing the significance of a mindful strategy to navigate these ongoing shifts.Here are several graphs illustrating the current national commercial multifamily market in The United States of America:Full Commercial Multifamily Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1189859/United_States-MultiFamily-Capital_National-2024-03-10_a.pdf

However, the limited new retail construction and historically low availability rates should help limit any potential surge in vacancy rates in the event of a demand pullbackHere are several graphs illustrating the current national commercial retail market in The United States of America:Full Commercial Retail Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1189858/United_States-Retail-Capital_National-2024-03-10_a.pdf

Fortunately, a substantial amount of equity has been built up in recent years, and a near-term maturity may serve as a catalyst for owners to take profits and recycle the capital into new venturesHere are several graphs illustrating the current national commercial industrial market in The United States of America:Full Commercial Industrial Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1189855/United_States-Industrial-Capital_National-2024-03-10_a.pdf

Someone upthread mentioned that Branson has had STRs longer than the booking channels have been around, and that illustrates a point related to this: in the olden days, when you'd look up a vacation rental in the classifieds, people were more tolerant of the idea that they were sort of borrowing someone else's house and things might not be completely perfect and they'd have to procure their own supplies, but these days, the booking channels have created almost hotel-like expectations.

These were each new construction homes in the $300K range in growing markets (I'm using general numbers for illustration purposes).