Without knowing much about the project you're looking at, that's where I'd look in the modelThank you, still going through with fake numbers and entry/exit cap rates to make sure the formulas work correctly.

Then Covid hit and rates dropped.

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

On the other hand, sometimes it irks me when I book a 5 star rated place and it's disgusting inside and the beds are awful.

Renting the entire property comes at a flat rate of $1500.We've received interest from a female nurse specifically for the master bedroom, but she prefers not to share the space with a male tenant.

You could probably just do a long term loan instead if the repairs are not heavy with a better rate and fees. 

@Cliff DurrettIn some instances the first will take a discount to give the second some money, but in this instance they are so underwater I don’t think the second will approve this as they are basically getting wiped, and they have much higher BPO’sAlso be aware the lender may satisfy the loan but not release the debt, meaning they will allow for short sale but then get a judgment to have the balance of Debt validated and still owed

I've been with an insurance company in CT, since I started my rental portfolio, but am looking for other options as it seems their rates have been going up and up. 

They're all going to use NOI/PITI, but you'll experience a range of DSCR requirements which will directly affect your max LTV and you'll also experience a range of rates.

I have each unit in the building with a unique rent rate, so even if the tenant does not have the teller enter a note with the deposit (they often do), I still know who the rent payment is from based on the amount.