Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights. 

I enjoy finding creative ways to monetize normally overlooked spaces at my rental properties. 

DSCR loans carry Prepayment Penalties, so unless you are comfortable staying in a 9%+ rate for 5 years, I would suggest just going with a normal 20% down DSCR. 

.- The Yield Curve will begin to normalize (uninverting): Even as the Federal Funds Rate begins to drop, the yield curve will finally begin it's march towards normalization.

Also lots of sellers have locked in <4% rates and don't want to buy at 7% new investors who dont have low rates will just deal with the new normal or historic rates.

In regard to the best interest rates, the market is pretty fragmented so it's best to check around wherever you are looking to establish your foot print. 

@Silas Melson, I agree with @Bruce Woodruff that a price per square foot approach is likely to be the least accurate and least useful.

Hi,
I have two BRRRR loans with Fixated Funding, both starting and closing on the same day. One loan was locked at 6.9%, the other at 7.1%. However, I just received the closing docs, and the rate on the 6.9% loan has...

They divide the investment strategies into three categories: normal, aggressive, passive.- These categories are based on cash on cash ROI.

I'm seeking opinions and examples of per-square-foot costs for constructing new multi-family developments in NYC.