I know of a lender around 7.3%, but curious what everyone else is seeing.Keep in mind, we're talking DSCR, not conventional.

I believe after the holidays the other unit will go quickly.What is the rule to refi into conventional loan?

I assumed this would be the cheapest out there.I have some great local portfolio lenders, DSCR lenders, conventional lenders, and commercial lenders who are competitive and should be able to beat 6.75%.

Even on conventional renovation loans, most lenders and borrowers still use Certified 203k Contractors b/c the guidelines/timelines/rules/processes are almost identical. 

Too large to be a normal convention loan, but not big enough to be tasty for an investor that wants some size.

For investments, you'll likely want a conventional loan for commercial properties.

I have originated both conventional and DSCR types of financing.

As for financing, on a conventional loan if you do not need the rental income to qualify then you would not need to have the property rented but if you do need the rental income to qualify then you would.  

Quote from @Jaycee Greene: I completely understand and I'm sure my fingers are a lot fatter than mine ;-) If you only borrowed $155k, I assume you did a conventional bank or credit union DSCR loan, is that right? 

If you are a beginner, I highly recommend exhausting your conventional options.