You need to have a plan to service your debt if the rental property isnt working out.

While there isn’t an exact, commonly agreed-upon definition out there, here is a handy definition for this specific loan product:DSCR loans are mortgage loans secured by residential real estate turnkey properties, strictly used for a business purpose and underwritten primarily based on the property.Important note: DSCR loans refer to the specific loan type, and the “DSCR ratio” (debt service coverage ratio) is a metric used for underwriting and evaluating these loans (and other loans), but the metric and ratio itself are distinct things versus what is referred to as “DSCR loans.”Some key things to note in the definition:DSCR loans are secured loans (meaning that there is collateral that the lender can take if the borrower doesn’t pay back the debt).

Since attendees are buying a package that includes the room, all-inclusive access, and conference sessions and events, it’s a bit more complex than in years past!

I underwrite a lot of deals for others, including creative deals, such as subto, seller financing..the first of all, you do need to know if that's cahs flow @ 6% under their asking price.

HURDLES:*About $230k in student loan debt.

For example, we (myself included), have a pretty strong base of flippers looking for deals they can buy, renovate, and resell. 

Maybe the loan shows up on your credit report and tilts your debt utilization to a point that makes the lender feel uncomfortable.Can you share some details about the deal?

Seek out regions that are seeing increases in infrastructure, employment, and population expansion as these factors can eventually raise property values.Pitfalls to Avoid:Overleveraging: Take care not to put too much debt on your shoulders or overextend your finances.

Any deductions (including mortgage tax, insurance etc.) added there was split accordingly and corresponding amount was shown under rental deductibles.

Hey @Allan Pan, A lot of times my clients and myself included have a hard time setting realistic expectations, and/or accepting "ideal scenarios" don't exist.