We represent many carriers and we have been seeing them get more strict on guidelines and them become quicker to cancel/non-renew policies.  

I guess I'm just scared to do one right now because I'm so afraid that I won't be able to get it done successfully in the time frame and within the strict rubrics of rules! 

I think DSCR Loans are definitely in your future as you continue to grow your portfolio but probably not the best fit here:-Can strictly not use DSCR for any property you live in - would technically be possible if you moved out, leased up the unit you are currently in and provided good documentation that its legit - but this is a firm non-starter for DSCR (absolutely no occupying the property)-DSCR Rates at best are in the sixes on a cash-out refinance - so you would be doubling your interest rate at least on the current property - which could make sense but its a pretty high hurdle.

@Nathan FrostThe advantage - some will do 90% and 100% construction but recognize your signing a personal guarantee and will be paying 10-12%+ for interestBenefits of a private lender are speed to close, creativity in cross collateralizing etcThere are a lot of people on BP that think oh private lending is less strict than banks and easier to get.

there are few things that you should know about DTI :- every conventional lender has different way of calculating DTI- even if it doesn't work at the beginning, they can make exception case.All of these happened because of (too strict) Fannie Mae regulation.This is what you should do.

Also, is the "service date" strictly the date the property was brought into a serviceable state, or the date the listing goes live? 

When you do find a contractor be sure to do the following: Have a clear SOWHave a written Contract in placeAsk for proof of Insurance/LicensesAgree on strict timelines so you don't incur more holding costsIt is easy to underestimate the timeline - whatever a contractor says, add 4 weeks.

Hey BP I have questions I'd like to consider myself a strict person when it comes to screening my tenants recently I have a few section 8 applicants.

The most strict COVID eviction moratorium in the country.  

For example, Denver county strictly prohibits non owner occupied str's but have no restrictions when it comes to MTR's in the area.