I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23As mentioned earlier in the post, DSCR lenders generally let you vest either individually or as an LLC.

@Kim Huynh - lots of insurance brokerages use the same carriers so it is likely that it is going up a lot everywhere (that's my experience).What I have done for a bunch of years is to partially "self insure".  

Does anyone have experience with this company?

Specifically, I'm looking at Joshua Tree and Borrego Springs.Does someone here have experience in these two markets? 

They're all going to use NOI/PITI, but you'll experience a range of DSCR requirements which will directly affect your max LTV and you'll also experience a range of rates.

I have no experience for this.  

I wanted to know if anyone has had any experience with things like this and if you have any other things you would look for when buying your first multifamily homeThank you!

I assumed I could cashflow for 20% or more, so I want to see if I need to adjust my expectations based on the experience of others. 

I'm just starting out with my first STR so I'm really relying on good reviews and guest experiences to get more exposure on the listing platforms!

If you have this extremely valuable experience already under your belt owning 2 properties, why dish out a potential down payment for property number 3 over to a mentor or coach?