Additionally, I verified that the parcels are buildable and analyzed competitive market prices, which suggest high profit margins.

This will give you a clear idea of what the house might be missing, and or need and gives you time to make those changes/additions before your first group.Another tip: I think it is natural for bigger properties to have more vacancies during the week/slow season.

I do qualify for being a broker which comes with some additional education etc. 

@Salome Ditmars In addition to what has already been shared on this thread, trusting the sponsor will be paramount to you sleeping at night, and I can't stress that enough.

That no additions or remodeling was completed without a permit.

If you need any additional insight, feel free to reach out.Breeya Johnson 

Additionally, we are digging into BLS data to compare already existing data.

Additionally to that I am looking to expand into 3 other markets but I have boots on the ground in those areas.

The reason I mentioned DSCR loans is because if a property I buy and bring up to rent ready standards then starts cash flowing, rather than waiting to collect enough cash from the rents before I start on another property I'd like to accelerate the process by getting an additional loan and putting that money to work elsewhere - haha, I hope I'm making sense.

(in terms of pros and cons).You can also use rentals to provide additional borrowing power if your rental currently cashflows from a tax perspective.Hopefully that helps your scenario advance forward in terms of what to ask and think about.