Hey Kevin, It may sound over simplified, but I take gross annual rent and cut it in half and that is the NOI.

I have over simplified this but essentially we are seeing how the benefits shift from centralized computing to decentralized computing and the reverse throughout time. 

(simplified, a 1.20 DSCR means for everything $1,000 in PITIA, you earn $1,200 /mo in gross rental income from the subject property). 

Simplified - you already heard it from the rest of the people here.

As far as managing it, forgive me if this sounds simplified, but I would imagine you carry home warranty on the properties and when something comes up, I would just coordinate through them to get it handled.

It seems like commercial lenders will readily fund good deals if all the numbers look good.Perhaps I am over-simplifying things and commercial real estate is difficult to get into because it’ll be me going against full time professionals who only do commercial deals… any insights / suggestions / comments appreciated!

I'll simplify:-Don't partner on your first deal - there's no reason to-Go to REIA meetings and network - don't look for mentors, look for colleagues, friends and references-Go turnkey if you want, but know that turnkey isn't passive - you own the property, you manage the managers, you own the decisions that get made-House hack-Refi your house hack, and house hack againReactions welcome

Simplified of course but that's the general scenario.But judgment creditors would need to research all of this and enforce their liens or over time poof, those liens are gone.

Simplify the process.

I'm sure they are over simplifying it as you said.As per you item 2.