I have underwritten probably 100+ new build locations just in our market in Columbus Ohio and the number are tight. 

We had a discussion about the costs I have endured and the low ball offer to cover expenses for going 5 months past contract deadline but haven't heard back. 

It could make sense on those scenarios that are tight on the DSCR. 

But for the most part, your typical renter pool of people are people with bad credit and tight finances to where they can't afford to pay for a premium rental like that. 

My budget in the beginning was really tight because it was based on the money we made at the time and debt payments. 

The project is not for DIY though.Given that we have only 3 weeks before the IRS deadline, it's tough.

I understand dead money but with high interest rates and putting minimal money down or re-fying leaving 80% LTV the margins on SFR's is extremely tight. 

Tracking deadlines for due diligence, contract extensions, and contingencies can save you from costly mistakes and missed opportunities.

The numbers look a little tight but if you want to do a deal and get some experience this may be worth it to you anyway. 

If income is tight you can buy your primary home first and use a DSCR loan program secondly to buy an investment rental because DSCR "Does Not" use income or tax returns instead it uses the properties rents to qualify.Best thing to do is talk to the Bank so that we can run the numbers up front so you know Max loan amount for primary.