You can also go straight to the source - Direct DSCR Lenders - don't necessarily need a mortgage broker to shop for you (especially if you are here and asking the right questions and clearly are sophisticated - unless you are SUper-strapped for time, you don't seem like an investor that needs to pay a broker for help - go straight to the lender)3) Last question- i'm seeing rates on DSCR loans in the 7.2% to 7.5% range, in addition to 1 to 2 points and they likely track 10 yr treasuries (4.26% as of today).

As a good starting point, I suggest getting information on a few different neighborhoods and setting some goals.

That means no HOA neighborhoods, which rule out many places.  3bedroom might make it tough to work, unless you're sleeping in the laundry or garage and renting full 3bedrooms. 

With room to enhance its value through upgrades, we saw the opportunity to deliver a strong return while helping revitalize the neighborhood.

Quote from @Tessa Booth: I’m planning on doing some Black Friday shopping for some tools/gear to use for doing some rehab work.

Today almost all houses in these neighborhoods are investor owned, with a high proportion of Section 8 tenants.

If you start in an affordable Sunbelt city like Birmingham or Montgomery, for example, you can acquire a turnkey rental in a B or C neighborhood for around $120,000.

Check out  - https://www.ruidoso-nm.gov/short-term-rentalsThat is all the data to get started on the permit but still check if the neighborhood has an HOA and what the rules are.

Pick a desirable neighborhood where your home will appreciate and go for it!

i am confident i can manage the relatively small amount of requests, and have heard some good things about apps and software that are a "one stop shop" for landlords that allow payment, leases, and repair requests. i have one out of state rental property with a plethora of options for handymen and contractors around. i have been paying a property management company 8% plus all of their inflated costs of repairs and fees and with insurance going up it has really opened my eyes to my margins not as healthy as i would like.do you have a certain product you have used or use or would recommend?