A higher DSCR indicates lower risk for the lender, potentially resulting in more favorable loan terms for the borrower.Borrower Qualification: For borrowers, meeting the minimum DSCR requirement is crucial for loan approval.

Interestingly, our criteria and qualifications and terms have changed remarkably little in the ensuing 20 plus years.  

I'm still learning about this type of lending but the appeal to me is that they don't consider personal income or tax returns, it does not need personal debt-to-income ratio qualifications, it's collateral based borrowing..

These loans are focused on your credit score, lease vs principal interest, taxes, and insurance, and liquidity position for qualification and do not require tax returns or W2’s.

The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.

I usually meet the person face to face and give them a walk through after having them submit an application (which I review to see if they meet my qualifications).  

Looking to utilize my experience, connections, skills and qualifications to grow a network of investors, developers and contractors to create an (or several) eventual company(s) to build strong communities.

This is not the same process as a SFR purchase, where the buyer obtains a letter of qualification from a dubious mortgage broker; this is a very intensive evaluation.That being said, nothing is to stop any interested party, qualified or not from making an unsolicited offer.  

Whenever dealing with Turn Key properties, absolute due diligence is a must: check out the company through the State, BBB, and references; background check the people you are dealing with; get copies of tenant documentation; perform your own tenant qualification; order a house inspection; get an insurance quote; review area crime reports; speak with area businesses and Chamber of Commerce; review local school district; if you can visit and drive the area, etc.  

I use the LOC to make the offer, which makes it stronger than a offer with a contingent on loan qualification, and just buy it with the LOC.