If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

Alternatively you may decide not to address the capex but be prepared to deal with high frequency maintenance requests with duct tape repairs. 

It’s known for its affordable property prices and steady rental demand, which makes it an attractive option for reliable cash flow.

By positioning the property effectively and highlighting its strengths, we attracted motivated buyers quickly, ensuring a successful sale without the need for renovations.

They had an incredible view, which attracted a ton of weekend bookings.

Emotion attracts that.

Property in Ohio is cheaper than where you live because it’s less desirable and will always attract less desirable tenants with higher maintenance and more evictions.

The other alternative is to raise capital and be more of a fee developer, at least at the start.

Here’s a comparison:Income reliability and net cash flow: In Las Vegas, a fourplex in reasonable condition costs about the same as two single-family homes, but they attract very different tenants.

Alternatively, do you think it might be better to use the 200k to make down payments on higher-quality homes, i.e., ones that are almost rent-ready, and finance the remainder of those purchases with DSCR, etc.?