Here's what rubs me about this situation: the market has gone down since 2022.

I would recommend that you focus on which area you want to eventually settle down in.

Yes, Baltimore doesn't come without it's fair share of ups and downs.

Getting a lower rate will also depend on the amount you're putting down.

If you are getting buying now in TO & Niagara, you will need to have a large down payment for the units to cashflow. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

They are more useful IMO for getting chunks of equity right off the bat thru value add and then either realizing that equity by flipping it and using for a down payment on something bigger or hold a couple years and then sell at that point to do that then. 

Hi Aaron, I know I wasn't the original poster, but we did end up doing new construction down there in the past year (also purchased cabins before deciding to build). 

Sounds like a pretty easy way to get in over my head fast, but at the same time, it seems like an opportunity to pick up a property WAY under market value and there theoretically should still be plenty of meat on the bone.

If anyone is open to doing business down in florida (Melbourne Area) id be more than happy to connect you as well.