Things you can do short of total rehab that add substantial value and appeal and which don't cost a ton are moving to LVP (Luxury Vinyl Tile) from float vinyl or carpet, upgrading appliances and putting a lower end granite on the counters and vanities. 

Most DSCR loans are floating in the 7-8% Interest rate 30 year fixed and a 5/1 ARM is around 6-7%.

The ones that are much lower are usually interest only or a floating rate.Definitely need to speak with some more lenders or work with a mortgage broker who teaches.Cheers!

Quick update on this project:All exterior doors and windows now installed, interior doors hung, floors floated for leveling, drywall and skim coat complete.

Great rendition of the The Star Spangled Banner. 

(@Brian Garlington, this one has got to float a grin across your face.)

Banners?

Floating, not glued so easy to work with.

There's still a lot to do.Completed this week: Framing inspection passed Started sheetrock, first coat of tape and float is complete Interior doors and trim ordered Waiting on plumber yard lines before starting landscaping Draw 6 processed

But here is the result of the negotiations and the final deal I signed.Amount owed to bank $690k   Price I paid $468.7kTerms - Prime floating - currently 3.25%, 2 year deal with 2-1 year renewals of the sameThe loan is I/O and debt reduction is straight-line taken down at the commencement of a construction loan.The bank is to finance 1 spec home at a time during the duration of the loan.