I think Chris nailed it perfectly - you have to take your DD to another level and also be in a position, both financially and contractually, to take control of the situation if the borrower defaults.

Don't wait for the perfect deal to come up, the most important thing is to get started.

They're perfect for people who might have inconsistent income or don’t want to deal with the strict requirements of conventional loans.

Filing/recording the mortgage is what establishes the creditor/lien position and puts your ahead or behind other creditors who may be using the same property as collateral (secured and perfected vs secured but unperfected).

It's not perfect, but I like to read the reviews from residents on the site 

A conventional loan may come in slightly cheaper, that's true, but the red tape on conventional mortgages is excessive to say the least.No Reporting on Personal Credit: DSCR loans are kept off your personal credit profile, which is perfect for keeping your personal and business credit separate.

Hello all, I have a family member that has a decent property 4bd 2b  2 car detached garage on about 1-2 acre value is around $230–250 and if cleaned up and in perfect condition $300+.  

It’s perfect for this kind of strategy since there’s a lot of interest from both expats and tourists.

When i adjust my total investment cost to match that of the BP calc($167800) my COCROI and my multi year ROI match it perfectly which gives me some confidence in my calc.These are the rest of my number for this example.

I think it would fit my situation perfectly  We're working on our MI State license and should have it up and running in a couple months.