The most successful loans are those that do not procrastinate and get the appraisers In ASAP so you can get over any unexpected bump in the underwriting process.

More on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

The institutional firms that do this type of lending (we deal with them every day) have to "securitize" the loans...meaning have their hedge fund/Wall Street backer bless the deal.

@David Matarazzo  Did either of you move forward with them for property loans?

Plus the mortgage company probably calls the loan, and if you can't pay it off then you can lose the property.

@Son D. the borrower paid off the loan a few months ago. 

I don't see a scenario where construction costs don't increase for things like roofing, drywall, carpet install. I

First time buyer loan with 11% down.

Quote from @Jaycee Greene: Hey Jaycee, we currently lend on several loan types: Fix & Flip up to 90% LTP, BRRRR, New Construction, Bridge Loans, & Multi-Family.For myself personally, I'm looking in the Orlando, Philadelphia, and Southern NJ markets, 1-4 units.

Lastly, land development requires solid planning and capital, so getting the right development loan with flexible terms will be vital for success.