The PathIQ Playbook

Underwriting tactics, DSCR math, rent-roll reading, and lender mechanics for loan officers and small-multifamily investors.

• DSCR vs LTV: What Really Gates Your Multifamily LoanDSCR and LTV both constrain your multifamily loan size — but only one is usually the binding constraint. Here's how lenders actually decide.
• How to Underwrite a 5–20 Unit Multifamily Deal (Without Losing a Weekend)A step-by-step underwriting walkthrough for small multifamily — from rent roll to DSCR to a lender-ready summary.
• Reading a Rent Roll the Way a Lender DoesA line-by-line guide to what underwriters look for in a multifamily rent roll — and the red flags that kill deals.
• The Wholesale Multifamily Underwriting ChecklistA 27-point checklist the best wholesalers use before they assign a small multifamily contract.
• DSCR Loan vs Conventional Multifamily Loan: Which One Closes Faster?When a DSCR loan beats a conventional multifamily loan — and the three deals where it doesn't.
• Cash-on-Cash vs Cap Rate vs DSCR: Pick the Right Number for the Right ConversationThree multifamily metrics, three different audiences. Here's when to lead with which.
• FNMA 3.2 Files Explained: Moving 1003s Into Calyx Point Without Re-KeyingWhat an .fnm file is, what fields matter, and how to move loan applications between systems without re-keying borrower data.
• Insurance and Tax Shock: The Two Line Items Killing 2026 Multifamily DealsTwo line items wreck more 5–20 unit deals than rate hikes do. Here's how to underwrite for them.