Currently under contract for a large off-market residential property.Quick details: 4,200+ sqft 12bed / 5bath (2 kitchens) (No a flood zone)(Light - Medium rehab / rent-by-the-room play)My partner has been a PM in this community for 20+ years and is highly confident in this deal (as am I).The current issue is, we aren't confident the property can close with a bank due to a few seller complications.( ^Very long story, but if you want to hear it I will tell you haha)We're looking to over-raise about $335k ($255k purchase and $80k for the rehab).But we (and our contractors) know the rehab portion will come in a bit lower.Can anyone point me in the right direction?

Their rent covers about 2/3 of our monthly expenses.

For residential, compare the actual rents (*not* rents suggested in a proforma) with properties currently for rent and with historical rents for similar properties using sites like Zillow and Rentometer.

I have seen cases where it hurt the value and in some cases where it helped rents.

I tried to reach out on the 16th to see if they were going to have the rent ready on the 18th but never got a response. 

I thought if you rent < 7 days avg it was a business instead of a rental.

Rents equal $950 a month.

If this was a tenant of less than 2 years, I might do as you are suggesting and want 1 months rent as a termination fee.

With this in mind, have you considered STR, MTR, or rent-by-the-room?

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.