I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

We have access to around $200k if we go all in not including investors if we could find them.

When COVID hit, everyone was working from home and because in many condo communities, water is included, and most HOAs didn't account for the extra usage.

Hi Sean, I’m a “newer” investor and have a few doors in the Midwest, including Memphis and Detroit.

This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

I have long term rentals like this and I include it in the ad, even then you get people who don't read it however it does cut down on contacts that you can't house.

In Cleveland OH it is 1-2BR furnished rentals priced at 1,200-1,600 monthly utilities and internet included. 

You'll have to meet those requirements including the proration. 

I won't be providing appliances but I know that for the section 8 inspection, part of that includes inspecting a working refrigerator and range.When I did Section 8 a couple of times years ago, I was sure the houses would pass or only need minor fixes depending on the inspector that I got, but I let the tenant move in right before the inspection so that their refrigerator and range could already be in place and be inspected.  

We discovered that some warning signs include consistent delays, a lack of communication, poor craftsmanship, and failure to meet agreed-upon milestones.