They will lend you their IRA money.My friends and family lend me 100% of the purchase price AND rehab money.

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).

When I am looking for a new investment property and am strapped for cash, I typically look off-market and try and find something that can a seller is looking to sell that needs minimal repairs to be rent ready and the purchase price is 80% of the ARV this way I can use private money to buy in cash, do the repairs needed then refinance on a DSCR loan and pay off the private money loan. 

I purchased the property roughly 5 years ago.

The type of underlying loan (purchase vs cashout refi) will also affect seasoning requirements for the loan - several dscr lenders will require 6-12 months seasoning on notes that were originated as a cashout refi, even if the property meets ownership seasoning requirements.For fannie/freddie, youre looking at 12 months seasoning for a cashout refi.  

The saving grace is that it was purchased cheap a long time ago and will still either cash flow or yield equity even after repair costs

I did have an inspection before purchase, and to be honest the inspectors never turned on the furnace to check if it was working, and I moved forward anyway.

Running a sort of mini poll:How many users purchase BiggerPockets Pro, and what are some of the features provided that help justify the monthly price point to those of you that have bought it?

Most do not purchase properties, and that is by design. 

@Shannon VistisenI would definitely purchase it and do it yourself.