BTW: The 75th percentile rent for market rate apartments with only w/s/t included even in N Collinwood is $1064.

@CJ T.Yes, I think you may be confusing a business credit rating vs. having credit lines.For example, personally people talk/ask about their credit score. 

There are still some good opportunities if you are willing to buy an ugly duck and do cosmetic work to get it up to market rental rates. 

Obviously, lowering the fee and raising the rate is an option but that feels a little bit like spinning my wheels.At some point, if I'm dropping my rates far enough to compensate for a high cleaning fee, we get into the conversation of "is it even worth it to rent it at this rate and risk property damage, 4 star review, etc".

I think most likely we will get a home buyer because with the current rates it would be much harder to make profit. 

DSCR only requires that the rents be equal to or greater than the PITI payment or the ITI payment if you go I/O interest only.You can use DSCR for a cash out refinance, Purchase and even a "Rate and term" which is when you want a lower rate or get out of a HML - Hard Money Loan, Balloon payment, Adjustable rate getting ready to expire/adjust (Recast).

Keep an eye on rates as if rates fall you can renogotiate the rate if interest rates fall enough. 

You'll probably have to go into a secondary market with a higher interest rate. 4.

By taking a strategic approach, you'll be well-positioned for a successful investment.

Have you had any success in finding good deals yet?