But to really answer your question - from an outsider's view - things have tightened up and continue to be tight....deals are harder to find, and interest rates make some good deals just average.  

You rates go up even if you don't make the claim. 

Any tips to get a better rate or deal from lender ? 

With the interest rates and market prices, I am not sure this will be as great with returns.

- L**** Markets I've rented in since 1997: College Park, MD | Centreville, VA | Brooklyn, NY (Bed-Stuy) | NY, NY (Upper East Side, Upper West Side, Murray Hill)**** City Councils and Lease Types: (9 different leases over 25+ years)** City Council of New York (market rate lease (1 with and multiple without guarantors), 1 rent stabilized lease, and 1 unique govt. program in C-class neighborhood), ** Prince George's County, MD (market rate) ** Fairfax County, VA (market rate)**** Building Types: ** Non-combustible 8-unit and 10-unit (both built 1950s-ish) (walk ups), ** Semi-renovated former tenament building (1870s-ish 1 sink, bathtub was originally in kitchen, built wall around it)** Garden-style apartment (2000s walk-up, private porch), ** Luxury 100+ elevator (built 2012 with non-foodretail underneath + underground parking garage + 24 hour security, ** Luxury 100+ elevator (built 1990s with grocery store and retail underneath)** Unrenovated brownstone (1870s-ish walk-up) (It was Hoboken, NJ circa 1996, I was the illegal 3rd tenant for a couple months)

This is a fully legal process that has been irrelevant since the 80s because rates have just dropped.

First thing, a purchase cap rate of nearly 10% on a $300k home that doesn't need much rehab seems VERY high.

However, with high rates, the next mortgage would be very expensive, and a vacancy would be intensely expensive with two mortgages.

Vacancy rate, insurances taxes, interest rate, repairs and maintenance.

Exit strategy = You may get an awesome rate on that DSCR, but what is the prepayment look like?