They typically have fixed or adjustable interest rates, terms ranging from 5 to 20 years, and amortization periods of up to 25 or 30 years.SBA 7(a) Loans: The U.S.

I want a better CAP rate than the market CAP of 8% so dividing $56K by 9%, I get $623K as the value of the property.

Because the 0% interest rate was coming to an end on the first of my credit cards through Fund & Grow, I sought a second round of funding through them so as to maintain a 0% interest payment on the funds going forward...still had to make the minimum payment going forward which at that time had accumulated to about $1000 per month plus property yard maintenance and taxes.Hoping that Clayton would do some of his magic and get the house built, screen some qualified tenants and get some cash flow going to be able to satisfy the payback of the credit cards until such time that I could get the new house independently appraised and financed through a traditional mortgage which the cash flow would have easily covered according to what Clayton promises in his podcast relating to the new construction builds. 

I am not house hacking.This means that’s I will get less favorable rates AND will be covering a HELOC + second mortgage with the rental income, which seems difficult.

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

On paper cap rate looks good and I've heard there's a hot rental market, but not sure about in practice and what quality of tenants we could expect.  

5 star ratings are significantly dependent upon your cleaning crew.

When rates come down, you can refi whatever loan product you used to lower your rate.  

Rates and terms are generally more favorable. 

I have a list that I'd be happy to share.Also, some of the best deals come off the MLS so I wouldnt discount finding a deal there.