My local REIA used to have Saturday morning cash flow games that I found very beneficial.

I still need to do a deeper dive, but the ownership structure was one of the external factors that I was thinking about.  

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 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

If your cheaper but I have to worry about utilities that I have to also possibly set up that could be as high as $1000 a month, that definitely factors into my decision.Thanks for your thoughts, Brian.

Budgeting for furniture and coordinating the time to execute or hire a designer is something we try and factor into our Pro Forma or analysis.

@Karen FaulknerWhat is best for you depends on so many factors.

The biggest factors, from what I can tell, are age and rebuild cost. 

That is another factor that a bank will consider. 

ARV is a very important factor here. 600 FICO is minimum. 

Of course you have to factor in realtor and closing costs on top.