Quote from @Joseph Chiofalo: Hi Weston, Welcome to the community- A lot of good professionals and resources available for you here on BP!

If the sales price is $850k you will need significant down payment to carry the DSCR loan on $5300 current rents...check in with @Joseph Chiofalo  as DSCR loans 5+ units are typically a bit more difficult to place as well. 

Quote from @Joseph Beilke: @Robert EllisThe builder used their line of credit to fund build.  

Joseph,Congratulations on making the decision to invest here in wonderful RVA. 

There are many other ways to qualify besides DSCR, like bank statement averages or even P&L statements that can offer lower down payments..check in with @Joseph Chiofalo he's a 20+ year mortgage colleague and can help with structuring and options.

For preferred jumbo investor lending programs check in with @Joseph Chiofalo to help with baseline structuring and a Pre Approval vs PreQual which has helped several of my luxury buyers win competitive offerings.

I had a recent encounter with a "lender" on connected investors. comI was contact on there by a guy "named" Joseph Martella.  

And correctly..you cannot co sign as a primary if it's occupied..2+ units can sometimes require larger down payment (as you've found) another option could be to access equity against another property..check in with @Joseph Chiofalo for potential lower down payment options..might be able to get to 15% down..Good luck! 

@Joseph Kirkpercentages should only be used for narrowing down a search. 

Check in with @Joseph Chiofalo for lender questions, he's a condo guru based in SoFLA.