As you talk to lenders, make sure you know the following:    1 Rate Lock Policy - If the DSCR lender doesn't rate lock for 45 days, then I'd go elsewhere.

If it wasn't for federal backing, no way could the average bank offer amortized mortgages at fixed 3-4-5% rates; they'd be out of business.

BUT, in my 45 years of real estate investing, brokering, syndicating, advising, I’ve come to the conclusion that investors go in PRIMARILY interested in one or the other. 

Only 45 minutes from the #1 best beach in Florida, Pensacola Beach.5.

For the first 4-5 years, people were great. 

Low property taxes, diversified job growth, population growth, Lake Tahoe 45 mins away, much better landlord/tenant laws compared to CA, property taxes DO NOT reassess on the sale, and still very close to Northern CA.

Usually takes about 30-45 minutes.   

A client can also close on a new property in less than 45 days so no long closing or pre construction risk. 1031 exchanges are easy to fulfill with our model. 

Just 7-14 days instead of 30-45 days for a little lower amount if they’re that desperate. 

Based on 45 years in real estate, I’ve experienced these types and I believe they are the biggest time suckers to be avoided as quickly as possible Types of Customers to Avoid1.