BiggerPockets has a section just for this, Under the BUILD YOUR TEAM tab- then select- MEET UPhttps://www.biggerpockets.com/forums/521

I was told that homeless/squatters got access into the building somehow and they were seen by an agent who was touring property for their buyer.

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 really depends if the previous owner screened the tenants and how they managed the building.

Yeah I was shocked at how easy it was to get approved through CapitalOne, I’m grateful I have focused on building my credit score since I was young.I agree it’s an overly complicated way to do RE investing.

You have enough to build a decent portfolio.

I'm planning on building a 16 bed facility.

You can check your building department, but sometimes you don’t need a permit for non load bearing walls.

I don't know anything about your property but I can tell you folks these days love a unique experience, so think about what you can offer to your guests and build the sites to cater to that experience.

Personally I’m seeing more of a return on some 5-10 unit multis that are making more sense from an investment standpoint than either SFHs or 1-4 unit buildings.