However, if they fail to meet any of the agreed-upon payments, I request that they vacate the property.Great suggestion.

My data suggests otherwise.

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Any suggestions are greatly appreciated.

DSCR loans carry Prepayment Penalties, so unless you are comfortable staying in a 9%+ rate for 5 years, I would suggest just going with a normal 20% down DSCR. 

Any suggestions are appreciated.I have about $50K in saving and could potentially get to $100K in cash for my very first real estate investment.

I'm open to all suggestions regarding different cities that meet my requirements and would love to chat with some realtors who have local experience working with investors.  

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To help you, we have developed a simple tool for gauging your emotional response to some common aspects of rental ownership.

When developing, I'd first talk with the city building/zoning about what they want to see more of and where, and try a simple project that should be smooth sailing on plan approvals, saving you time and money.