Happier with a higher rate to limit that risk.  I

For sure he is right about it's risky although since bitcoin is now an interest producing asset he would be incorrect that it produces nada.

DSCR stands for "debt service coverage ratio" and is net operating income divided by total debt service, with total debt service being your total principal/interest payments for the year.It is a good way to look at how much margin for error you have regarding vacancy, maintenance, CapEx, etc.If you have a 30 year fixed note at sub-3% interest, I would consider taking on a more aggressive project with lots of leverage, while a commercial project backed by 7-year or 10-year note at 4.5% decrease your DSCR substantially, therefore making it more risky.

In my area, I've noticed A LOT of investors (including potential buyers on this transaction) that won't even consider university/student housing due to how volatile everything is with COVID.What used to be one of the highest margin strategies just became one of the most risky - lower enrollment, more virtual learning, less renting demand.

The "less than a year" route is too expensive and too risky.

That should give you enough information to know what to do next.I'd say your biggest risk is structural stability with foundation and termite issues.

@Jon Morrow$200k BRRR deals may be less risky than buying land/rezoning/developing.

Until a few weeks ago, our plan was to go the BRRRR route, but we came to the conclusion it might be too complicated and risky to do so from the other side of the big pond.

Investors simply pay for a given cash flow.. some areas the risk is higher or the demand is less and the returns are higher than other areas.  

One rental property is pretty risky.