They're very different thankfully so it feels like there's always at least one who's acting like a normal human being...A defeasance is something that happens on commercial properties when a securitized loan (like a CMBS [commercial mortgage-backed security] or agency loan) needs to be paid off early, either when you're refinancing or selling your property that has a loan on it.

If you're strictly buying turnkey properties and financing with DSCR loans, keep in mind that you'll typically need to put down 20% or more, and because of the higher LTV, you’ll often get the highest interest rate available for your credit bracket.

I know I can get an insurance plan, but is it worth the headache?

We maybe be able to get you an owner occupied loan faster than that. 

Conventional loan

It looks like you had a little under 3% interest on your loan.

It also negates the need for insurance - although that isn't our MO. 

Loan interest is deductible based on it's use-not the asset securing it. 

I'm looking more for an overarching portfolio spreadsheet to track asset performance over the lifetime of holding the asset.If you have the property manager paying the mortgages, taxes, insurances, doing all the accounting, etc why not just ask them to generate whatever report you want?

(You said you plan to buy it for the amount of the loan, not the value of the property.).