However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

For most DSCR loans, down payments are typically around 20-25%, depending on the lender and the property type.

Off street parking is typically more important for high end/expensive rentals.

And are they riskier than a typical conventional loan? 

Typically I see it on anything over 5 acres. 

Closing costs typically range from 2 to 5 percent of the total loan amount, and they include fees for the appraisal, title insurance and origination and underwriting of the loan.”When it comes to closing costs, a trusted lender can guide you through specifics and answer any questions you may have.

The only difference is the seller remains on title until we have enough equity to refinance or sell.3: Typically we don’t agree to balloons.

Do they value nicer finishes and design or is that additional cost lost on the typical tenant in that pocket?

Plus you can't typically get conventional financing because they want to finance to a person, not an entity.

If you elect to use a VA loan, that typically means you don't plan to put any money down.