Hi, I just posted a wall of text comparing stessa and landlord studio (check my post history). 

When I look at Zillow, the rents are about $200-300 under market, for comparable quality units.

Rates are much more favorable compared to an investment property. 

I've been looking at comparable properties nearby and the median is in the low 2k range I'm thinking mine may go a little higher since it's a corner property with a lot of light but really looking to see if the conversion would make sense financially because I've been reading those articles about the costs being exorbitant. 

And DSCR lenders tend to be pickier about property details compared traditional programs, so there's not much encouragement there.

You can try to compare different projects.

Hey Liad - Condos can pose some challenges mostly due to monthly association fees, limited control over the property, and potential for slower appreciation compared to single-family homes.

When evaluating rental properties, aside from school districts and convenience, consider factors like neighborhood amenities (parks, restaurants, shopping), rental demand, job market trends, property condition, potential for appreciation, and rental income compared to expenses (including taxes, insurance, and maintenance).

Generally for an investment property under conventional cash out refinance, the max LTV will be 70-75% - so you can calculate by (700k x LTV).As @Nicholas L. mentioned, it's a good idea to compare conventional and DSCR cash out refinance options.

I'm sure you will attract a lot of visitors for the nearby colleges and hospitals.I would reach out to some hard money lender brokers like Sherman Bridge, that will give you access to many different HMLs at once and you can easily compare their rates.A good local HML is Chris Misutka, I will DM you his contact info.Most HMLs can close within 2 weeks but they may require an inspection.