It's important to know what market rents are for what you are analyzing, many properties are super under rented and you have to get them to market rates. 

As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.

They will basically be break even though after refinancing at 75-80% LTV with the higher interest rates.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Plus, there are upfront costs to consider, like furnishing your condo and any expenses tied to managing it as a rental.As for refinancing, it might not be the right time with interest rates where they are.

You can usually request this from a title company or look into public records in your county’s clerk or recorder’s office.If you’re not sure how to navigate this, contacting the auction house or a real estate attorney familiar with foreclosure auctions can help ensure there aren’t surprises.

2. don't use an appreciation rate.

Several factors indicate the company is not that concerned about efficiency or ease of customer process: the website, a process that seemed to focus on one issue at a time instead of all issues at once, and consistently poor communications and lack of common sense from the loan analyst we were assigned.It started off very well with the initial point of contact, Austin Lornson, who did a fine job of explaining the general refinancing process, responding quickly and thoroughly to our questions.

The reason I ask is because most deals I see on Crexi or Loopnet or anywhere else create negative cash flow under 7 or even 10 year terms with 7% - 8% interest rate.

I understand they have a little bit higher interest rate, but what are the risks of DSCR loans?