You are at risk of the lender calling the note due.

New neighborhoods might lack amenities at first, which could make them less appealing to potential tenants.

He is very good at what he does though I will say that not many can do this kind of volume no matter what kind of financing there is..  

My four-square numbers at current rates are discouraging. 

I believe that to be the most common practice at least in my market.

I appreciate it and will look at new construction! 

Looking at various cost seg companies, anyone have experience with one they liked (or hated)?

Hey fellow BP members,I'm looking at a potential deal and wanted to get some feedback.

If you have $25,000 saved up, I would keep at least $5,000 of it as a reserve to handle unexpected expenses.

DSCR Loans in second position is not a thing - you might find a DSCR Lender that have other products that fit this need, like a Closed End Second or HELOC, but they aren't really "DSCR Loans" - I think you are likely looking for a CES (it is true however that you are correct in looking at the same place though, most of the lenders offering this on rentals are also DSCR Lenders)