Also, the term "house hacking" is generally used for your owner occupied home (renting out rooms in your primary home) and that income cannot be used to help you qualify (it is considered boarder income). 

I'm looking to finance the project long term in a way that is helps me create positive cashflow.

Historically, real estate will appreciate over the long term.  

The two are almost entirely different markets in terms of price points, returns, tenant quality, and overall investing strategy.

I am wanting to get into fix and flips and eventually long term rentals. 

No one has ever asked me. 3) Depends on if you want longterm or short term residents. 5) We used Redstar https://www.redstarbackgrounds.com/ they give you accept/decline recommendations.

Are you needing a long term or bridge loan?

Nonetheless, you can base the DSCR calculation on PadSplit rent (if there's a history of PadSplit income being produced) or short-mid-term market rent (an analysis done at the same time of appraisal).

The plan is to purchase a new home & keep current as a long term rental.

Hmm, the title company said they couldn't determine the amount, only that there was an agreement to the terms of another agreement... like a notice for hoa responsibility tells you they're responsible but not how much is owed.