I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I've run direct mail campaigns in several markets and it takes a lot of volume (3,000 letters minimum) and consistency (one touch per month) to gain any traction. 

Add in utilities at $200 a month, and you're looking at $2119/month.

One month, the asset could crush it during the busy season; another month, you may have minimal bookings.

I've seen it swing hundreds of dollars per month and folks thought they were getting a cash flow deal but in reality they're losing money on it every month.Anyway, happy to shoot you a DM with more info/links/etc.

One client in Indianapolis rents a small, furnished single-family for 3-month terms to traveling nurses.

If you hired a management company, what was your monthly cost and what did it include?

Some policies provide even more coverage than a typical 1-month security deposit amount.3.

My mortgage is $2055 a month with taxes and insurance escrowed in.

Do I need to worry about that NOW or is that a “next year at tax time” thing I can take off my plate and revisit in a few months.10.