Conventional is still the gold standard, but DSCRs are a close second for good deals. 

@Warren BellHi with my recent purchase I used the standard CAR form and the people above nailed it with regards to "no assignments" language Line 26.  

Quote from @Patricia Via: Why lower your standards or add risk by accepting tenants with quirky history?

The VA is a meticulous about the condition of the property as well, so make sure it meets livability standards. 

They handle his 150ish doors, and he has high standards.

I wanted to avoid shady characters and losses while trying to build a rental portfolio that was rehabbed to a good standard and didn't have much maintenance issues.4.

The costs involved in renovating a distressed property to the same standard as constructing a new home on an empty lot may ultimately amount to a similar total investment.

Originally posted by @George Despotopoulos:Short term is usually referred to as hard money or bridge loans. 3-6 months is pretty short, standard is 12 months.

Also, have you made any significant alterations to the property or if it were put on the market today, would it be indistinguishable from a standard 4-bedoom house (are there any extra walls for the SRO, constructed locks/barriers etc.)If its a standard SFR and the leases are very short term - there is a path that you could refinance this with a DSCR as basically a Short Term Rental and then potentially change strategic course back to SRO if needed at a later date

Secondly a 7% rate with 1-2 points depending on LTV, FICO, DSCR, and prepayment penalty does sound fair/market standard.