Matt Penland with State Farm was able to get me better coverage and cut my rates over TN Farm Bureau. 

Hey Jon, Depending on the DSCR, property type, and your experience, you may be able to put as low as 15% down on a DSCR loan. 

It depends on what kind of assets you have to protect. 

@Raj G.Default Interest rate is a different rate than the original loan terms because the borrower didn’t repay the loan per the loan terms.

We recently found a condo willing to do owner financing at a 4% interest rate with a purchase price of $500,000.

It all depends on how fast you can get them out!

On paper cap rate looks good and I've heard there's a hot rental market, but not sure about in practice and what quality of tenants we could expect.  

I think it depends on the uniqueness of the house and neighborhood....if there isn't comps to support it...you are solely banking on someone buying ONLY because of FLW.I would surely get some second opinions no matter what@Peter Martinson

Be ready to pay off the loan, end buyer refi (the reason for a wrap is not always bad credit), sell property, deed back and do a lease purchase option for a while (depending on what state you are in), whatever needed.The banks are not gods - they are just entities that do not care much for their customers due to being too big.Stay safe out there kids

If you can't do this, you can inflate the rent to include utility charges or just do flat-rate billing.