I personally have not rehabbed a house with fire damage, but I'm close with two highly experienced investors who have done so.

My thinking tends to be finding underutilized properties in high demand STR markets.

So yes, it highly depends on your investing strategy.

The terms are high and the level of effort to get the loan is onerous.  

From my understanding the brokerage they get their insurance through is rejecting the property because they believe the property to be high risk. 

I highly recommend Anderson Advisors.

DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

I'm here for 60 days working on high density infill midrise developments on the NW 79th corridor CRA east of 95.

It’s a bit of a complex system but can be highly lucrative.Arizona: Interest rates here can soar up to 16% per annum, and the bidding starts at that ceiling, going down.

I'd love to hear how everything goes, about both your highs & lows.