Even with 100% of funding, who gets to make expense and design decisions?

It will be expensive to build.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

It’s not always pleasant but you have your expenses on the property too, right? 

Theyre expensive, but you wont lose your home to foreclosure unless you move out, stop paying taxes/insurance, or fail to maintain it. 

Seems odd as this would be a business expense for my business.  

I've had my share of expensive lessons.

As well as UN-realized expenses.

Here's a secret - evictions are expensive everywhere, and tenants win almost all disputes regardless of the state.

In the end, this gets to @John Underwood's point of occupancy but also expense.