I want to diversify and I feel like the best way to accomplish that is through real estate.

up to 20% DSCR through lenders I deal with

By the time I reach 20% equity (likely 3+ years away), my monthly mortgage payment will come down when I refinance, but $600 is a big hit to the numbers. 

Yeah I just need to get some different viewpoints on underwriting and then actually do it myself a couple times a week. 

If you and your wife are on the same page, I say absolutely go for it.Don't worry about the naysayers telling you to invest out of state if that's not something you're comfortable with right now.

They want to pick up the phone and call or text and get an instant response from their cleaners.

Glad it's working for you I slowed down on RE for about the past year and a half S&P 500 is up 27% YTD, NASDAQ 100 up 32% 

@Isaac Watson join the WAREI Facebook group.

Ensure the state provides a clear title upon sale.

We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage?