I have a few reasons for this. 1) We are both self-employed and our income is inconsistent. 2) We don't want to impact our DTI, because we are planning on buying a house hack within the next year or so.We would be open to going up to 6 units for our first property as long as it's within budget.Now that you have some context, is it possible for a rookie to use a DSCR loan on a duplex or triplex?

Every bank is looking for something different and it changes over time.However, we are not in a BRRRR market anymore, you'd be sailing upwind. 

While we are reading about fun cases, there is a frequent buyer in Texas that just took a case to the SCOTUS, but they declined to hear it. 

Not what we are looking to do and all the MLS listings just don't pan out numbers wise so far.That's awesome that you got some returns on flips and found some buy & holds recently. 

We have located a good parcel of land at a fair price, only issue is it's currently zoned for residential and we are planning to develop a small, 8-unit apartment on it.

However, as must as we strive for a hotel like experience we are not a hotel and we make that clear in listing and our welcome letter. 

Even though no prepayment is possible, we are quoting a lot of 1, 2, or 3 year prepayments. 

My vacation market we are around $800 per night so the clientele is more family oriented and tend to spend most days in national parks or out adventuring.

We do some pretty conservative numbers (probably because we are new) so if the numbers work, we will pursue it.

In my opinion, it has already started, we are going to see single family residential zoning going away.