I am looking at a seller finance deal but am trying to have the loan amortize at an even split between principal and interest, rather than the standard bank amortization.

The Lender’s DCR – Theoretical and OptimisticLenders calculate Debt Coverage Ratio (DCR) by dividing Net Operating Income (NOI) by Annual Debt Service.Their version of NOI is usually based on: Market rent (sometimes even above actual rent) Standard vacancy allowance (often 5%) Limited expenses — typically taxes, insurance, and maybe management at 8–10%That’s it.

Their customer service was disrespectful throughout the process.To be fair, this company is based in New York, and maybe their standards or processes differ from those on the West Coast.

Even though the nurse is already vetted through their agency, I still run standard checks on any adult who will be living in the home—mainly a background check for safety and basic income verification if they’ll be contributing.If the nurse’s contract alone easily meets the income requirement, I don’t stress too much about the spouse’s finances, but I still verify who they are since they’ll be occupying the property.

Well, if you buy & renovate a property in Class D area to Class A standards, what Tenant Class will actually rent it?

My Dad has a standard W-2 job, and my Mom works full-time in the long-term rental real estate business.

For those unfamiliar, Claude Code is Anthropic's command-line tool for agentic coding - it's definitely more of a power-user interface compared to the standard AI chats.

you don't say anything about ARV, rehab cost, etc.i'd just make a low cash offer at the price that it works at for you, with standard terms. 

*This week I wanted to highlight "ROOM-BY-ROOM" rentals vs your standard long-term/short-term rentals. 

The key is understanding insurance costs and local building standards.