It’s probably useful to ask specific people what their experience has been and go from there. 

Hey @Mario J PerezAdvantages - Processing time, underwriting conditions, paperwork requirements, not impacting debt-to-income and/or personal credit, can own many and close in entities reducing personal liability (to name a few).Disadvantages - Rates tend to be a tick higher (less and less these days) and fees will be a few thousand more per deal, can be very regional, higher appraisal costs usually (based on the need for a 1007 rent market analysis on every one), can have weird underwriting conditions (lender specific)30,000 foot view at it, but the entity/personal credit side of things make DSCR loans really helpful as you start to scale, and especially if you are doing any personal borrowing for personal homes, cars, etc.Hope that helps!

I have had a huge interest in real estate, specifically, investing (BRRR, short-term rentals) and most recently in developing (I realize developing is a more "advanced" strategy).I'm thinking I should hustle and reach out to real estate agencies, in hopes of snagging an entry-level job or part-time gig to learn the ropes and build relationships with local investors.

Facebook is a great place to find these deals (specifically investor groups) and I personally come across these off market MFHs everyday.

(specifically long-term, non-vacation rentals) Would love to hear a discussion on this!

The down side is that they typically have higher interest rates due to the higher risk associated with investment and commercial properties and are property specific.

A few smaller private lenders may offer 2nd lien products, but they will be under very specific criteria and with a combined loan to value usually below 75%."

I know I can build under $150 a sq ft with garages with my margin, without a garage (this one), that saves $80 per sq ft so I know the blended sq ft I can get lower.

The formula for calculating DSCR is straightforward:DSCR=NetOperatingIncome(NOI)/TotalDebtServiceNet Operating Income (NOI) represents the property's income after operating expenses.Total Debt Service includes all debt obligations, such as loan payments, property taxes, and insurance.A DSCR ratio above 1 indicates that the property's income is sufficient to cover its debt obligations, while a ratio below 1 suggests insufficient cash flow to cover debt payments.Lenders usually have specific DSCR requirements, with higher ratios indicating lower risk for the lender.

I live on the east coast and hope to buy an investment property in the SLC-Provo area, specifically the Draper and Lehi areas.