Thank you.Good morning, Joel - What you are describing is a very common practice on the private lending side of the financing industry.

As far as where to invest, this will be driven by the kind of investing you want to do and your long-term goals.

We’ve also found that at least one of the authorities (Jefferson county) started to run some kind of property specific rental comps which can also affect the max they’re willing to pay. 

Exactly the kind of advice I am looking for.

What kind of strategy are you most interested in?

I'm based in WI and there are several people from NY investing here, some successful and some not---the common thread I see from the ones that are not is that they relied on someone else for information instead of investigating, VERIFYING and doing their own due diligence. 

:)There are always some kind of good deal on furniture out there and I just have to pass because I am not currently looking to outfit another STR and I have no space.I would love to have a 10k sqft warehouse to store stuff when I find it so I have it @Patricia Andriolo-Bull

All for a single property...It's a lot of work...for what kind of return?

You are correct, it is common for DSCR lenders to require the borrower to be a business entity in Florida, and some other states sprinkled across the US.

I don't have a lot of capital to buy a property right now in the area that I would like.People that get into businesses like these have a common thread, they are go getters and hustlers!