Here's a bit more in detail about how rates are calculated for DSCR loans:1.

**PITI is $522 a month (2%interest rate)** Actually cosmetically ready for renters and appears fixed up.On the inspection report the plumbing failed and it mentioned shifting soil in the foundation report. 

I drop off HVAC filters at the door and my tenants know how to change the filter. 

For example, if you expect this property to be have a CAP rate of 10 after you repair and it comes time to sell, maybe run your numbers at 11-12 and still see if it would be worth it.

I'm in the position to apply(depending on lender DTI requirement) for conventional financing through the builder at <6% interest rate in this current market.

we purchased the home at a 3% rate and have owned it for about 2 and a half years.

How did you get approved to buy this as a single-family if you need roommates, especially with these rates?

We have a local credit union at 1% origination and 7.25% rate, plenty of good locals at a point and prime plus one, and some good local private lenders. 

The last time I took it, it had a pass rate of only 12%, harder than the State Bar exam.

And non-onwer occupied rates are closer to 8%.