While there isn’t an exact, commonly agreed-upon definition out there, here is a handy definition for this specific loan product:DSCR loans are mortgage loans secured by residential real estate turnkey properties, strictly used for a business purpose and underwritten primarily based on the property.Important note: DSCR loans refer to the specific loan type, and the “DSCR ratio” (debt service coverage ratio) is a metric used for underwriting and evaluating these loans (and other loans), but the metric and ratio itself are distinct things versus what is referred to as “DSCR loans.”Some key things to note in the definition:DSCR loans are secured loans (meaning that there is collateral that the lender can take if the borrower doesn’t pay back the debt).

Would using services like own it Detroit be a good place to start? 

Baseline customer service was of no help.I want to understand what products do you use?

Nobody seems to have a problem with a plumber or appliance repair guy charging $100, sometimes $200 to give them an estimate on a job.

Their service, just like any other, is not without drawbacks. (1) I'm not a big fan of their rent collection b/c they make you deposit it into their account and I'm not overly comfortable with an unregulated entity having any say over my money. 

In our case we wouldn't have any value seasoning on DSCR so as soon as you do the repairs, we can potentially use that higher value to get you cash out. 

I am working with investors in the area and assist with professional tenant placement services: marketing, advertising, showings, tenant screening, income verification, move-in inspection, and tenant coordination, I cover it all. 

-Taking 10% reserve for vacancy, PM, and Capex-5% for repairs -All other numbers are standard values based on my area.

Low point of entry, easy repair list, and a quick sale How did you find this deal and how did you negotiate it?

You can even use an FHA 203(k) to finance repairs into the purchase mortgage.2) Put some sweat equity into the property fixing up and renting out the units.