Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

I read on JP Morgan Chase's site that they could do the same, but I just haven't spoken to them yet to confirm.

I conducted title searches to confirm there are no liens and double-checked with the county to ensure there are no outstanding debts.

There was never confirmation that the tenant was going to leave or has left.

HEY HEY HEY, I want to now confirm to you that they are a scam.

Since I posted yesterday, Delta responded to my email and confirmed my lot has been scraped and this is in line with the schedule they previously submitted so things are moving along.

If you budget the negative cash flow over the course of the hold period and have reserves set aside to fill the gap, there is no problem (assuming your investment meets your target appreciation rates - I understand there is no guarantee there). 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

So you must cover that 10%, holding costs, and have reserves for overruns. 

ONLY when I pushed further, did they actually release those dates (and I received an email with the subject: Your reservation XXX was cancelled at property YYY), and those dates showed as truly open across both calendars.