Usually a Hard Money Lender will get an appraisal for the after repaired value (ARV) and the loan amount will be adjusted accordingly.  

And it'll set you up to scale, if that's your desire. 

Something about this ad just always made me smile. 

Our amortization period (ie 25 years) is set up so that at the end of that 25 years, the mortgage is paid off and there is a balance of $0.

What sets me apart is that I have a comprehensive network capable of handling deals from start to finish.

Your rate on conventional may be slightly lower than DSCR, but there will be heavy points due to the loan-level pricing adjustments. 

Do you mean that you are doing a cash out refinance but you have adjusted the LTV to not be at maximum of 75%? 

Adjust your plan of action in accordance with the changing local market conditions, property valuations, and rental demand.Remember that there is no one-size-fits-all strategy for investing; every investor's path is different.

Pricing systems and strategies (seasonality, orphan days, rule sets, etc..), Guest Communication, Negotiation Tactics/Agreements (Arbitrage or Management Services), Vendor management (minor maintenance and repairs from transient guests), Design/Decor expert (or outsource but you need to know what works!).

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsBest of luck here at BP Nation.