Something to keep in mind though is that with the DSCR it is a new mortgage which entails higher closing costs as well as paying off any existing liens.

It may impact someone who already has an existing respiratory issue, but it won't cause illness in a healthy individual.I recommend inspecting the property and determining the source of moisture.

The business plan to pay untenable returns is not untenable, it’s non-existent.

Demand for rentals is near non-existent in this specific town during the winter, and demand is extremely hot in the summer months.

Yeah nonrecourse is one of those things that exists in theory but is very, very hard to find in the residential space.

Hopefully existing as obviously new builds would be worth more.) 

Quote from @Travis Biziorek: Quote from @James Wise: Quote from @Travis Biziorek: I own and operate a STR in Detroit and this is the first I'm hearing of this regulation.I'm not convinced it exists.

One option is to pay down any existing debts (credit cards, car loans, etc.) to free up income capacity.

This policy will provide additional coverage above what your existing policy covers.

New construction has a very different risk profile from buying existing properties and fixing them up.