It’s older (usually 20-40 years), often don’t have tile roofs or stucco siding and if you ever want to sell, you’re selling to investors as very few are house hacks. 

Similar neighborhoods/suburbs to Clay/cicero would be in the east side of Syracuse, like DeWitt, Fayetteville, and Manlius.

The assets are venerable if you do something out side of real estate or land lording.  

I am on the origination side of the business, however you may want to consider signing up as broker which would allow you to white-label these DSCR loans without assuming the risk of ending up with a note buyer who refuses to purchase your loans, thus stuck with a 30 year loan. 

Building relationships with wholesalers and staying active in local REI groups has also helped investors I know find opportunities that still pencil out.On the refi side, DSCR loans have been a solid option, especially for staying cash flow positive.

As for the refi side, DSCRs are an excellent tool to utilize as they are based off the property, not you as the borrower, so no DTI hits / personal income verification required.

I've personally undertaken BRRRRs that took me 6 months to stabilize but part of that for me is the BRRRRs being an out of state side hustle I suppose. 

Seems like there’s at least part performance on both sides.

I know he has gotten creative on the lending side for products used to get the properties. 

(and on the flip side the tenant can surely say they paid it as per the lease and even though I didn't receive it on purchase he has the lease stating he paid).  2.