Hey @Patrick Braswell  You shouldn't have any issues getting a DSCR loan as long as you have at least 1 borrower who owns 20 to 25% of the property, or if a couple of you can get to that level combined. 

Prices remain relatively low, but appreciation may be slower.Monroe: A mix of cash flow and appreciation potential, Monroe has become a popular choice for investors, especially in areas where new developments are popping up.Appreciation-Focused NeighborhoodsBallantyne: A well-established area with high demand, Ballantyne offers excellent long-term appreciation potential, though cash flow opportunities may be limited.South End: A booming urban hub with a vibrant retail and restaurant scene.

Quote from @Marcus Auerbach: @Eric Bilderback - there was a time when I felt I really should "gratuate" into MF, but I never did and I wanted to or thought I wanted to at one point try and get to that level 100s of units. 

Honestly, I think you're estimated expenses are a bit low.

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc. 

Locally my observation is that the need is more for low income young and working vs college student.

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

The collateral matters.Jay, I only wish pricing was that low. 

Low or No House IdentityPeople want to take pride in where they live.

DSCR loans are not that low and regular hard money loans will be in the double digits.