Monitor and change when the house is vacant is the blessing.

Banks like to match short term assets with short term liabilities, and vice versa.I don't believe that DSCR loans are "expensive", but they do require a more thorough underwriting and higher amount of financial documentation other private and hard money loans.It generally helps to have a Fractional CFO or Loan Consultant (not a broker) that will work on your behalf to negotiate better DSCR terms and rates.

Myself being a GC, developer and construction consultant as my main business... the question of GC licensing has never been a factor in lending or in selling for me. 

Read books, listen to podcasts, and consult with experienced investors who can guide you through the process.Analyze the MarketLook for areas where multifamily properties are available at reasonable prices and where rental demand is high.

Consult an STR expert and hire an inspector for confidence.

Consult a CPA to align the choice with your retirement goals.This post does not create a CPA-Client relationship.

So if I had to pick just 1 thing as "the" biggest thing in Commercial space to monitor for determining biggest impactors to market prices for MFH, without doubt it's COST OF CAPITAL. 

It’s advisable to consult with a tax professional or financial advisor to determine the most appropriate approach for your circumstances.

I have consulted with a few attorneys over the past couple years regarding this and have determined that for my own personal situation, umbrella insurance provides sufficient risk mitigation for my situation at this time.

Always consult with your attorney before you rely on the above information.