California DSCR loans allow real estate investors to acquire or cash-out refinance 1–4 unit rentals, short-term rentals (Airbnb/VRBO), and 5–100+ unit multifamily properties in California (CA) up to 80% Purchase LTV and 75% Cash-Out LTV at 6.125%–7.875% with zero personal tax returns. At the California median 1–4 unit price of $745,000 and Form 1007 rent of $4,950/mo (0.75% property tax, $510/$100K hazard insurance), a 75% LTV loan models at 1.12x DSCR ($4,407/mo total PITIA).