Tended to leave off some categories of expenses completely5.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

My client's living room is completely unbalanced and odd looking because this wasn't done, which I had to hide with some fancy drapery "magic" that was expensive.

I understand why it is extremely expensive down there too.

The cost is really expensive for QBO.

If you're going the live in flip route - one great option would be to go with a low money down owner occupied loan to fund your next purchase.

Mom and pop keeping the MHP forever and passing it onto their heirs who keep rents artificially low forever.

If you low-balled them, you have to be careful doing that when asking for seller financing.

Buy quality properties in strong submarkets, finance with low leverage, bulk up on cash reserves, diversify geographically, and you'll be positioned to survive whatever the economy throws at you.

Air DNA seems to indicate a low rate but I feel like the 108 corridor is exceptionally vibrant on the weekends.