Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Now this property is in a class C neighborhood with a calculated 11% cap rate estimated.

Thanks for the care and detail you put into your posts on self storage.

I'll include all details below.THE LOCATION: The hotel is conveniently located in the breathtaking Smoky Mountains, just minutes away from the Great Smoky Mountain NP entrance.

@Mitch Davidson - are you hearing anything different or more detailed locally? 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

-Detailed inventory and inspection of owners property (this is done for LTR also, but few LTRs are fully furnished and outfitted). 

To get the same numbers for the LT rental, I'm estimating the rents would need to be at least $2,800/mo.

Come on, spill the details!

I appreciate all of the detail but what information was provided to the agent that wrote the policy?