Typically architect-designed, but also some design-build.To date though, always owner financed. 

If major renovation is needed, you may need to do a short-term Fix and Flip loan to renovate, then refinance to a DSCR once it is ready to go.  80% LTV is pretty typical for a DSCR, especially with your healthy credit score. 

Unless you can cash flow more out of the investment property or your personal budget can support the $500 increase, this strategy will essentially have you in the negative and not even breaking even. 

I know it is typically only used for finding vendors when you have an issue but I bet the right handyman would be open to your proactive search.

Say property owned by “property company” gets purchased by “business LLC” for the new value, which would be a new depreciation amount about 3x higher When refinancing a commercial building that is being rented out, the valuation will typically be based on the Net Operating Income (NOI) of the property.

Underestimating costs, excessive leverage, neglecting to perform due diligence, and unforeseen repairs or vacancies are typical problems.

Buying in a hot STR market may not produce the greatest CoCROI because hot markets are typically more expensive to get into.

My husband and I have spent the last few months reading all the books and listening to all the podcasts, essentially going down the rabbit hole as most rookies do.

Typically the actual max rent is $200-300 less than what is published there.  

@Rob HendricksHere is what I typically do with my clients.