In my experience, the local banks are going to get you better rates and lower fees with their commercial loan products than the "DSCR lenders".

Quote from @Micheal Smoke: Hi, my name is Mike Smoke, and I'm an aspiring real estate investor focusing on multifamily and Section 8 properties in the U.S. as the barrier to entry is much much lower in terms of price compared to Canada and Funding options. 

As far as what to tell them, you simply say that you're listing it for $1,700/month and are not willing to lower the rate.

Some of the best performing properties can have an occupancy around 60% for the year and sometimes lower.

I recommend using a lender that non-reporting to personal credit and can close under the LLC to keep your DTI lower and overall your personal liability profile more bankable.

Cross-Collateralization – A lender may finance the full $160,000 purchase by using your existing properties as additional security, lowering their risk and possibly reducing your down payment. 5.

The house hacks have worked out for me over the years to help lower my cost of living, while building new skills and equity.

House hacking could work if you find the right deal, but I’d also look into BRRRR or flips in secondary Florida markets like Tampa or Jacksonville, where acquisition costs are lower.

Basically, if you did this over the term of your mortgage, you would end up owning the property outright at a simnifically lower percentage.

Often times if you lower the rate, the fees go up and vice versa.