Qualifying the property

Everything on the property side of a DSCR file: eligible property types, how the qualifying rent is chosen, why taxes and insurance decide more deals than rate does, condos and HOAs, thin coverage, and how the appraisal works.

6 LESSONS · 26 MIN · 0/6 DONE

1. 2.1

   1. Which properties qualify

   One to ten residential units, condos, short-term rentals, rural addresses and the mixed-use edge cases — where the box ends.

   4 MIN

2. 2.2

   2. Lease vs market rent

   How underwriting picks the qualifying rent, why the lower of the two usually wins, and how to evidence rent that is genuinely above market.

   4 MIN

3. 2.3

   3. Taxes and insurance

   The two PITIA lines that move most after closing — reassessment and premium shock — and how to underwrite them before you sign a contract.

   4 MIN

4. 2.4

   4. Condos and HOAs

   Warrantability, the condo add-on, how HOA dues hit your DSCR, and the association documents the desk will ask for.

   5 MIN · REFERENCE PAGE

5. 2.5

   5. DSCR below 1.0

   Sub-1.00 DSCR files: what they cost, where the floor is, and the four levers that move a ratio back over 1.00.

   5 MIN · REFERENCE PAGE

6. 2.6

   6. The appraisal

   Who orders it, what the 1007 rent schedule does, how long it takes, and how to rebut a value or rent conclusion that is wrong.

   4 MIN