We are many flippers in the area(but not that area) mostly in the suburbs of Canton!

Some investor say well better to go for 15-30%+ uncapped returns and lose it a minority of the time than to only make 10-13% and lose anyway with this latest black swan event.

Quote from @Maxnbee Nyabende: We are OOS investors and have a small portfolio (5total) SFH and duplex in the Northwest Arkansas area.

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. 

Most of the new construction is stick-built contemporary with cheap brown or black Masonite. 

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.

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