I currently live next door to one of the areas most popular restaurants and my vehicle is somewhat distinctive if you notice it simply because no one else in the area has one, not because it’s an expensive sports car or something.

Below are some general notes on DSCR loans:* usually used for single family or 2-8 multi family unit properties (fits your scenario)* must be for investment, non owner occupied (if looking for a product for alternative qualifying solutions for owner occupied there are other products)* can close in a personal name or LLC* usually 80% LTV for a purchase (20% down payment) & usually 75-80% LTV for cash out refis* prepayment penalties vary and are optional, but the higher the prepayment penalty, the lower the rate / options typical range from no prepay all the way up to 5 year prepay and structures vary for how those penalties work (3 year is my most popular by far)* appraisal most likely required and paid out of pocket during transaction* can be used for long term, mid term, or short term rental properties * generally 1%+ is the desired DSCR ratio but you get better rates if the ratio is higher (usually rate breaks kick in at 1.15%+ or 1.25%+) and you can still get the loan done if ratio is lower than 1% but the rate will reflect that (DM me if you wand help learning how to calculate the ratio)* the average time to close is 21-30 days* fees vary lender to lender and product to product, but $1595 underwriting plus title fees is pretty standard* 700+ credit is preferred to get max LTV, but plenty of options if credit falls below that* a typical loan minimum is $75k (have limited options for $50k+) and typical loan maximum is $3-4m (have limited options for $4m+)* 3 months reserves usually required, having 6+ months will usually result in better loan terms, 0 reserves can still get the job done if you go with a program that allows you to use the cash flow as reserves* 30 year fixed, IO, and ARMS available

DSCR loans, while still a relatively new product, continue to expand in use and popularity for investors looking to achieve financial freedom through real estate.

The seminal book on the strategy, 30-Day Stay, published here on BiggerPockets and written by MTR pioneering investors Sarah Weaver and Zeona McIntyre, has helped popularize the method.

This is especially important for those looking to scale their short-term rental portfolio.Property Appreciation: As short-term rentals continue to perform well, properties in popular neighborhoods are seeing strong appreciation.

It's a market that has been popular with out-of-state investors because of its affordability, strong rental demand, and appreciation potential.If you’re interested in learning more about Indy or would like to chat about how to maximize your first investment, feel free to reach out.

As mentioned in the original comment, I believe many of these properties will shift back to long-term rentals or single-family homes.In North Georgia, where I’m located, we’ve seen significant changes in our two most popular STR markets—Fannin (Blue Ridge) and Gilmer (Ellijay) counties—with nearly 1,000 active listings, a 42% increase from 2023.

Florida, for example, is popular with retirees and seasonal renters, which could influence your rental strategy.5.

Equity in the DealOffering equity instead of—or in addition to—interest is another popular structure, especially if you need flexibility on cash flow.

Fountain Square and Bates-Hendricks are popular, but what other neighborhoods do you look for good deals and low days on market to sell after rehab?