Builders are providing a lot of incentives because they're hurting right now.

I assume this is a 3rd party lender you are using and not the builders lender?

This is different than merely being a certificate holder and have appropriate insurance (builders risk and general liability). 

The builder rep represents the builder, not you.

Sorry if that’s a dumb question just trying to get details before I talk to builders  

We even have brand new homes that cash flow more, due to the fact that the builders offer a much lower interest rate.

As a investor / broker/ builder / pilot with 50 years in the industry the one thing that I think is dangerous though is unleashing all these beginners who really dont have the capital behind them and showing them and encouraging them how to get into properties with mortgages is others names and the sellers being to naive to understand the huge risk.  

I’m a full time investor and builder in the Raleigh area.

The 2- 4 unit builders are never, ever DSCR constrained, in fact I've seen some incredible DSCR numbers when pricing 2 - 4 unit refis. 

Did you obtains builders risk and general liability policies during the renovation process?