I did in fact find the lender from "Find a Lender" on this platform. 

But if you are looking at a core deal that is being acquired direct from lender in a distressed sale, I would not agree that an expanded cap rate is a must.  

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Do I have to pay a lump sum or just find another lender with new terms? 

Thats usually a line most DSCR Lenders will use to separate whether its a financable STR vs. a "hotel"

And also, I believe my lenders have to be on board with this as well correct?

Hi Emily, I would recommend talking to your real estate agent and your lender about your plans and letting them know what you are looking for.

Don't rent to or make special accommodations for family members, especially when you don't trust them in the first place.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I want to get tighter on my buy box before reaching out to realtors, wholesellers, lenders, etc.I'm also curious if those data points are more focused on SFH as opposed to multi family. 

I was given a 8.1% interest rate from a lender specifically saying that that is the investors rate right now.