Side note, she was able to get into this property for just under $13k and we we're able to negotiate the seller putting in a new AC unit as well as paying a $7000 invoice to a contractor to replace the roof.Moreover, if your credit is solid, I'd opt toward a 5% down conventional loan if you're leaning toward the 3.5% down FHA route.

But if you are more experienced it in no way is a replacement of any of those services.

She's again looking for a business plan :)As my goals for real estate progress and our event rental company grows, I'm looking forward to the day where it can be income replacement and I can quit my day job!

The vast majority of DSCR loans are structured as regular mortgages with the personal income/DTI replaced by the rental income from the property.

- Measurements of all sheetrock, flooring, cabinetry, counter tops, etc that need to be replaced for estimates.We’re both ambitious but also realistic about the risks.

See Isaura this is why pretending feelings can replace facts, will be the downfall of everything.

Under the $100k property example, something as common as having to replace the sewer line will put you under water and you are more likely to have to come out of you personal reserves to cover operational/cap ex expenses or debt service than in my $6M loan example.Remember cap ex and operations are normally more easily absorbed in the A location assets.

Just not sure which one is the best option from a STR standpoint.Ours is a State Farm business owners policy (BOP) which has the features you mentioned -- building replacement cost, $1M/$2M commercial liability and loss of income coverage. 

This does not replace title insurance in any way.

Financial freedom isn't just about replacing your current income; it's about maintaining your desired lifestyle for the rest of your life.