Managing it from a distance, even with family and military commitments, might have some challenges like property management fees and unexpected repairs, but there are ways to make it work.

Adequate risk management strategies are essential to mitigate financial risks.Property Performance: Maintaining a healthy DSCR ratio requires diligent management of the property to ensure consistent income generation and control operating expenses.In conclusion, DSCR loans are a vital component of commercial real estate financing, offering both opportunities and challenges for borrowers and lenders.

Any additional info about your experience with a recent conversion, unexpected cost, and potential timelines you would like to share would also be greatly welcomed!

In general there definitely sounds like there would be some difficult components of trying to do any type of expansion for the existing coach house and again, RT-4 does not mean you are permitted to have 4 Units (unless you have a 4000 sq.ft. lot or larger).

It's crucial to conduct thorough research, consult with local professionals, and be prepared for unexpected expenses.If you're uncertain about specific local regulations or tax implications, consider consulting with a real estate professional, accountant, or attorney who can provide guidance based on your unique situation and the local market conditions.

And it's ability to let you take advantage of all of the components of the IRR to maximize your return. 

Granted, we err on the side of doing things right the first time, but projects like new roof or new windows cost a lot and don't have that much impact on the appraisal, as long as the existing components are still in acceptable condition.

., I like how @John Karg is tossing the Internal Rate of Return components at you so you can get a true perspective of how that house is performing and can perform. 

Most of the frustrations seem to come from the unexpected stuff that pops up, but good systems, processes, and teams take out a lot of the sting when things come up.

I'd say the critical component to securing a worthwhile multi family investment (and any real estate for that matter) is timing.