@Liam Willderyes, you can generally refinance out of a DSCR loan and into a new loan. 

If they are financing the purchase with hard money loans, they would need to acquire the property at 70% to 75% of the ARV minus repair costs to maintain that profit margin.

Have you looked into non conventional loans?

Once I have located such a property, I buy their property for below market, (instant equity) no bank qualifying, no credit checks, by offering to take over their loan and make their payments for them.

Hi All,I'm hearing that short sell deals are most of the time a bargain since you are getting the property as less than the current loan balance.

It is a 4 unit (3R/1C) it is a smaller loan of $275,000 total purchase price. 

For example, the max LTV on most DSCR loans is 80%, but if you are rural, you will likely be cut to 70% LTV or less (if the lender can do rural).

Buy and hold in one of the A class areas in Baltimore, if you are going to do Baltimore, it’s the only part of the city that has growing population, and rehabs are extremely tough right now especially with no experience, I’m doing one right now on the eastern shore, basically cosmetic, was built in 1994, systems, plumbing etc in good shape, labor is even less than Baltimore, gc-ing myself, still running me 70k, materials are insane right 3bd 1ba, mid tier Lowe’s stuff (I’m even putting in a shower insert, no title) is running over 30k.

These were generally against Quality Loan Service, Fidelity and Ocwen.

It’s labor intensive but really how the best properties are found.Meanwhile keep looking for deals in your other target markets.