DSCR Loans – Debt Service Coverage Ratio loans qualify based on property income, not personal debt-to-income ratio.3.

Outside of that, unless it's a STR, I'd base it more on what my competition is offering, and might consider adding something if I thought it might drive better rents and give me an edge. 

PM me and I can send you my template for this.Before I started handling these myself, I used: George Gibbs who's based in Charlotte but works state wide from what I understand.

With no credit score the interest rate would be based on the lowest credit bucket.

The information shared is based on my experience and industry knowledge and should not be considered legal, tax, or financial advice.

I would invest in a base model Sundance or Jacuzzi brand.  

I've got the idea to more positively incentivize my tenants to pay rent by the idea expressed in the following example:- If they pay any later than five days late, they pay base rent ($1,000) + fixed late fee (e.g., $150)- If pay on time without autopay, they pay base rent ($1,000) + "manual payment fee" (e.g., $25 or $50)- If they use autopay for timely payments, they pay just the base rent ($1,000)In the above example, you see that a discount of $25-50 was applied in the case that the tenant chooses to setup autopay to schedule on-time payments via a given PM software.Please let me know if any software comes to mind and also any feedback on the positive incentive idea.Thanks in advance!

Since you’re based in NY, Detroit is just a short flight away, making it feasible to visit and get a feel for the market and the team you’d be working with.That said, I’ve worked with plenty of investors who have never actually visited and still built successful portfolios—it really comes down to having the right boots on the ground.

Louis based and didn't realize how much he hated to travel to care for it! 

@Marcus AuerbachHey Marcus, my RE estate agent says it's worth around 600k based on the comps.