They were expensive but the rents continually go up at a higher rate than other properties and so do the values. 

What is a normal rate for something like this?

Lenders may adjust loan terms, such as loan-to-value ratio and interest rates, to accommodate varying DSCR ratios.Challenges and ConsiderationsWhile DSCR loans offer numerous benefits, borrowers should be aware of potential challenges and considerations:Market Conditions: DSCR requirements may vary depending on market conditions, property type, and lender preferences.

They'll also help with specific nuances to a given market, i.e. average cleaning rates, pool rates, how easy finding help is, etc. 

And then refinancing it in our name to buy it from him and we could add the caveat that we can continue the master lease until interest rates hit a certain point or a deadline is met which ever comes first.

A given number of “ down votes” and this posting get marked as “ marginal”Plan B… same forum…Based on the market of the property, a live “ investment “ number score will post immediately next to the title… so all you need to do is… look at the title… look at the “ investment rating” score… and decide if you even want to open up the posting.Also enough Retail Deals listed as Whole Sale Deals… and the posting member gets suspended.Three suspensions and the member is blocked.

Terms can vary widely in this category from annual interest rates, prepayment penalties, income calculation, DSCR ratio, maximum loan to value, minimum and maximum loan size, amortization period, and requirements to escrow taxes and insurance. 

This is how most hard money works now Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

We haven't slowed down in the slightest even as rates have climbed.

But 2023 interest rates soared and we couldn't find a deal that worked.