Here's a real deal that's closed under a capital partner where I matched $ for $. 

One of our places we get close to 1.8x, but I've never heard of 3x.Also, I wouldn't focus just on traveling nurses.

My partner and I closed on our 3rd investment property/primary in November 2023 in High Point.

It was hard enough to make good choices sober. ( At least for me)  

I know Detroit is different than Grand Rapids, but that my only data point close to Grand Rapids right now.

After closing, one of the tenants said that they gave the previous (before this seller) a security deposit and that the seller recognized that their deposit was transferred to him.

Hi, account closed.

The big difference between conventional and DSCR property financing is that the lender is looking at the rental income and not the borrower's individual income / DTI ratio (income is only looked at for reserves and cash to close). 

If your loan comes from your builder or if the construction loan comes from your lender (both will have different requirements) and there is a difference between a "one time close" construction loan and a "construction to permanent" loan. 

From what I can see Vacancy levels are not bad (5.5%) and it doesn't seem like a bad market, but from someone who lives so close I'd love to hear your experience!