More importantly, you illustrate why it is a great idea to have a backup plan.

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).

To illustrate, a property initially valued at $60 million might see its worth decrease by 30%, settling at around $45 million.

A recent deal closing of ours will, I believe, illustrate this well: We put together a land deal that closed recently.

I agree that the proper way of illustrating this is to mention that you are using OPM (other people's money) by taking the loan from the insurance company that is secured by the collateral of the cash value.I illustrate this concept by max overfunding on day one. 

And that's just a perfect illustration of why we have remote, lockable thermostats in our Florida property.

First of all, that is an extremely well thought out agreement and secondly it illustrates how sticky, common area electric usage can be with tenants.

The most common variant of it is wonderfully illustrated by the new series "Your Friends and Neighbors" streaming on Apple TV.

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).

You and I show that two pretty seasoned people read his responses on here differently, which I think illustrates a reason clean it up.