Triangulate between multiple sources like 3rd party sources like AirDNA, Rabbu, and 3rd party PMs as well as manually looking at rates and occupancy of competitive STR listings.- Bank Loan:  Make sure you can actually get 460K at 20% down at whatever rate. 

After getting some theoretical rates and occupancy, I plug them into my custom spreadsheet curated for my client's needs.

More rents, more likely to exit to an owner occupant with accompanying higher prices....

Is it possible to take a DSCR loan on a multi-family property, in which I am also the owner-occupant?

I bought my first property, as an owner occupant, in May of 2017.

The houses in very close proximity to the property are mostly 150k+.Nearby Parks have good occupancy: Park 1 – 85/95 Park 2 – 35/36Park 3 – 38/42You’re right that a more in-depth cost analysis needs performed to annualize returns over at least the first five year.

But I think it you make it clear about your requirements to be approved regarding income requirements, no smoking for any occupant, etc many will just not follow up with a showing or submitting an application and that saves you both time and will avoid you have to do anything that may or may not be legal.You could also arrange for a group of potential tenants at the same time to view the property at the same time so if the potential tenant does not get the message you have not wasted your time by showing the apartment just to the person whom you know will not qualify.

Try to avoid properties that have occupants. 

I don't think we have seen a real estate market quite like the one we are seeing now where so many investors own so many single family residences that may have otherwise been under mortgage by the occupant, but are not due to credit or cash issues, or both.  

You may want to find out whether there is a co-insurance requirement on the offering, and what occupancy percentage avoids any vacancy clause issues in the policy, too.Tim