Does anyone know anyone that does 5% for a vacation home loan? 

I’m looking for DSCR loans in the 7s or 8s with no balloon payments.

I just did this with a 4/3 new build out in Cape Coral and a construction to perm loan through the bank.

What are your thoughts on its potential to deliver financial freedom quickly compared to traditional real estate investments?

@Paola Astrid, if so be the case, refi to a conventional investment loan. 

To summerize, a DSCR loan, aka lite doc or business purpose loan, uses the rents you receive on the property and divided by the new loan PITI to receive a ratio.

Balance Sheet can show how much was a building was purchases for, how much principal loan is still outstanding, how much is in escrow and how much is in tenant security liability, Construction typically in the long-term development are put in the balance sheet and not P&L.Most investors are doing multiple type of real estate, not just rental.

It sounds like the issue is with the Debt Service Coverage Ratio (DSCR), which lenders often use to determine how much they’re willing to loan.

I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up. 

Never used a DSCR loan in the past and have always understood those rates to be higher by a point or two in most cases.