This might be a case of speaking with some different lenders but the only difference on the DSCR side of things is that the Air DNA method to calculate potential rent will have a slightly higher interest rate. 

The list should also include if supplies are needed, if air or water filters need to be changed-out, if light-bulbs need to be replaced, etc. 

If you want to deduct losses as an LP, you must materially participate as a GP also.Various Sponsors (including Lane): Yes, it can be done I am also attaching a IRS Publication:  Passive Activity & Risk rules

I am looking to change my life and the lives of those around me by investing in Real Estate.I am most interested in long-term Rental Properties, moving into short-term like air bnb and flipping.

There are other investments like air-bnbs where owners rent by the night similar to a hotel and those are referred to as short term rentals. 

Or about them using the property for Air Bnb or subletting? 

I'm guessing after logging died down they had a steep decline but seems to be on the upswing now... low cost of living and good recession-proof jobs due to the Air Force, Sky Lakes Medical Center and Oregon Tech...

3) You should have started eviction process immediately, to keep the upper hand and PRESSURE on them to perform.

I do not want spend my W2 income to cover house mortgages, to not have pressure if things like layoffs will happen, so my plan is to buy house in a good neighborhood that may have appreciation and some minimal cash flow after all expenses (management, maintenance and vacation).

I'm underwriting a building now that's in a salt air city, a block from the beach.