@Christopher Lombardi as Shafi mentioned, it will depend on a number of factors.The risk will also depend on the nature of the project, the experience of the team, etc.Are you also expected to maintain a certain amount of liquidity through the term of the loan?

2) Under what circumstances will a DSCR loan NOT be made (and is the rural nature of the property a concern)?  

If they do it regularly, sit outside the place in your car when the bus stops and then see where they go. 

I try and find a way to lead a regular conversation organically to real estate then talk about some of the flips or BRRRS I’ve done.

Tons of big windows and natural light.

Take natural disasters into account (more hesitant to invest in areas were theres lots of hurricanes, tornados, fires, etc.)CURRENTLY, i've weeded it down to about 20 states Im curious to know how others conduct their research to build strong bias for a specific market.

Its this little pocket tucked away by a nature preserve.

Only real way to do it is to look at comparables....but those are hard to come buy given the highly LOCAL nature of storage...ie- you can't take one from too far away and rarely do multiple sell close enough to one another to be overly revealing. 

But in the true MF world (5+) world, deals are regularly closed well under market.

Personally, I like it, especially with the lawn care, because the properties look better with our professional crew and are cut and trimmed on a regular basis, which is easier on the lawn.