I have two properties where I ran into this issue.

Bob - I have five occupied padsplits under contract right now with Fernando Corona and have closed several with him this year.Normal DSCR brokers have issues getting this through underwriting - it's important to work with a broker / lender that fully understands how to get these to CTC.I'll PM you

I believe this is the issue at hand its the collateral.when you look at NPN pricing you will see this.. 

I don’t know how common vacancies are but I would say I could cover about 4-6 month in case of an emergency  

Part of the issue depends on what market your buyers are from and where they live..

If you sign up for the free trial they will automatically charge you for a subscription (usually around $1100) and they will refuse to issue refunds or close an account.

Hi @Mindy JensenI had the same issue as  @Deborah Burian.

Hi, I'm looking to get into the Phoenix area - Did you ever rectify your PM issue?

However, this is a conservative regional bank, that is on the NASDAQ, so maybe that’s the issue?

Some places do this annually, some places do a portion of the town every year giving them a total cycle of about every 4 years, and in my area it’s common to do a whole town reevaluation every 4-5 years.