The budget for closing presents can differ, depending on the broker's budget, client tastes, local practices, branding, and timing of presentation.

So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider. 

Clearly, what you are doing is different, as it is a membership model first and foremost.  

Everyone is a little different.

There are so many different ways to structure each deal. 

We have also had, historically, a 5%-ish difference in rent rates when renting out in December and January as opposed to other months.

It is easier to manage your own units (or to manage for one owner) than say to work at a property management company where you have a bunch of different owner's properties.

And, if I (an appraiser) decide I need to use comps in a different area, I should analyze the area and see if any location adjustments are necessary (i.e. are those comps in a more desirable area/location, etc,).

.- thats  good to hear .....fyi - when checking the  caps on an ARM loan - there are  3  different caps to understand and  be aware of  :  1) the  intial  cap  is the amount the rate  can change on the  intial  adjustement - this is often 5 or 6% ...so if your rate was  intially 4% - this means the  rate  could  intially  change to 10% +  2) the  lifetime cap  is the  max  amount the  rate can  change over the loans life - this is  often the same as the  intial cap at  5 or 6%  3) the  3rd cap is the one you mention  which is the  period  cap ..this is the  most the  rate can  change  once the loan  begins to  adjsut    annually or  every  6 months ..this is  often  2% 

So far, we've pieced along different elements of this (different tax person each year, no LLC to one to now 2 this year, haven't yet used a bookkeeper...)trying to streamline systems and have a solid foundation for our fairly new and growing real estate portfolio.