However, if they do, they are likely just 'okay' with it and would likely leverage the 10-07 market rent analysis on the appraisal to actually calculate and determine the official DSCR during Underwriting.Hope that helps, if you do have a tenant who is willing to be flexible, the 12 month is always the safest bet.

@Conor Kelly,Though I’m not Canadian, I am an active investor in Montgomery, so I can share a few details.The first thing you’ll likely notice is that properties in Montgomery are pretty affordable, even when compared to other markets in Alabama.

The current market conditions and the property opportunity are what have us considering that!

The current market conditions and the property opportunity are what have us considering that!

That said, I would look at comparable rentals in your market first and then make decisions based on what the expectations are of similar rentals in your market.

I'd love to connect with locals who are currently involved or planning to get into the short-term rental market.

Please let me know if anyone can highly recommend a PM in the market.

Included in this are the property's address, kind (commercial, single-family, or multi-family), and current market value.

The current market value is approximately $370,000 giving me about $200k in equity. 

And anyone can earn 3-4%+ minimum in savings account or money market (or treasury bond) with zero risk.