Plus, DSCR lenders will underwrite based on the assets' ability to cash flow rather than your personal financial situation.Typical Terms:30-Year Fixed Rate7.25 - 8.25%

I also require:Rent + Monthly Debt <= 45% of GROSS monthly incomeExample: So, someone making $6,000 per month ($72,000 per year) meets the initial income requirement BUT if they have a $750 car loan, $250 child support payment, and $250 credit card payment $1250 total then $1680 (rent) + $1250 (monthly debt) <= 45% x $6000 (monthly income)$2930 <=$2700 (DENIED)

Purchase price: $370,000 Cash invested: $65,000 Here is my link to my first Airbnb!

So when you have the banks not lending and supply skyrocketing, the natural result is home prices go down until the supply eventually went away when people with cash started to gather up the supply.Today the market is different.  

PA written up for cash to get offer accepted then switches to a mortgage with 2 lien positions so the Title Co loved that of course. 

Bring more cash to closing, addendum that specifies how much the seller would receive should the property be sold, etc.Any insight on this situation would be greatly appreciated.

When I look at the comparables over the last 3 months the average sale price is about $235 per square foot, which would put me only at a resale value of $495,000 ...not worth it.However, there are comps from January of 2022 through July of 2022 that strongly support $300 per square foot putting the resale price of the house at $630,000... totally worth it.My real estate agent, that I've  worked closely with for the last 4 years and have probably done about 15 deals with, ensures me she will definitely get $595,000 minimum for this property, and if I knew that for sure I would do the deal.

Or was it purchased in all cash?

It has a strong potential for cash flow and property values are steadily increasing.

I will be paying cash for my 1st property.