While it is cheap money (interest rate is typically set at prime + 1%) the loan must be paid back using amortized payment over a period of 5 years.

Property needed a lot of work and I enjoy restoring older homes.

Think of environmental swift change, tornado, flooding, fire, fixed rental rate verses varied rental rates.

. :) just dont let Cap rate influence you into buying high yeild high risk properties those you will most likely regret buying. 

At the rate that homes are appreciating it seems waiting to invest while we save is going up much faster than the rate we are able to save.Future goals are the equivalent of $80-$90k per year to live off of.

The two main motivations buyer’s opt for a sub to purchase is (1) little capital investment (2) lower interest rate than currently available.I’ve worked numerous sub to deals from all sides - but mostly on commercial property.  

Property needed a lot of work and I enjoy restoring older homes.

Have you hit your goals or exceeded them, or are interest rates and low inventory holding you back?

It's a significant rating factor.  

Here's a bit more in detail about how rates are calculated for DSCR loans:1.