There are a very limited and reliable few of lenders that do true DSCR 2nds.

I'd be looking at multiple structures. we try to build below the average new build cost in our market in Columbus Ohio which is 515,000 last year and we target land 40-50k and urban core adjacent where we get higher price per square foot. we build for clients with margin around $190 a sq ft depending on multi or single. we can get that down in our triplex it's a little higher on our single family homes because of garages and limited economies of scale. hope that helps. idk Philly but if you show me the area and styles of homes I can give you some more insights. 

Remember most of Pace's minions have limited understanding of this business so you have to take any endorsements with some level of skepticism. 100% true. 

If you have a credit card with a high limit or a line of credit on the existing duplex that might give you some wiggle room.

I did not have an answer, i come to ask you please lets set forums for the builder and express your absolute correct and rightful frustration.As the transactional broker im limited to what i can do.

The appeal of student housing to rental investors lies in its ability to provide a steady income stream, especially in areas with high enrollment growth and limited new construction.Given your experience and the quality of your properties, you should find a receptive market among rental investors.

However, prices for a comparable 5-bedroom home in Washington are significantly higher, likely around $1.5M or more, which would mean taking on a new 30-year mortgage with 6+% interest rate and limiting new investment opportunities.2.

Great hosts will be good neighbors, will contribute to local tourism and will pay their taxes and permit fees* A major area to improve on the proposal is the 1 hour time-limit for resolving complaints.

Most of the advice you get on BP is limited to the real estate sand box (duh.) - in 2025 your energy is better spent on a business than a duplex that cashflows $200 or less.

Quote from @Eric James: This is why I build outside city limits.