Outside of running credit and making sure you have a few months of payments in the bank, the rate/structure/points and qualification will be based on the real estatePricing generally is driven by the big 3 metrics: 1) Credit Score, 2) DSCR (debt service coverage ratio) and 3) LTV (loan to value ratio).

@Nathan Waters I think this is driven by the local market rates.

My wife asked her father, who has driven many vehicles in his life, if he wanted to drive the Mercedes back into the little tent.

These lenders are typically more experience-driven, and it sounds like you have a few projects under your belt.

I believe this will be $750k+ property in the short term, at minimum.List Price: $645,000Purchase Price: $555,000 with incentives listed belowValue Add Levels: $52,500(rehab +furnishing)Financing: CashUnits A is occupied until July 2023 at $1,450/mo.Unit B is occupied until October 2023, at $1,465/mo.Unit C & D are vacant and need rehab.

@Marcelo A. I

Obviously ai was tagged by mistake but since I am here.  

Jason Lewis from Parcl states, “In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt.”

Yeah, it's just ridiculous talk, yet again driven by those who produce content for income and thus they need to constantly have something of shock to sell and doom & gloom sells like hot-cakes, so it's all about finding any way to sell the fear. 

A 3/1 rent comp is likely driven from nearby 3 Bed 1 Bath houses and will not rent for as much as one side of a duplex3) Your expense items feel conservative, and that is good.4) I'm not familiar with how taxes work in NY, but be sure you are forecasting taxes for after purchase.