U can do 100% if you want but you should have plenty of cash on hand as well. 

Sec. 8 works well in some markets and it can be a premium and successful for locals who own a bunch of them and run them with an iron fist..

So to clarify, you CANNOT live in a DSCR property as DSCR is business purpose only and that is not allowed.  5-10 units can also qualify for 30 year fixed DSCR loans as well. 

As well as studied some of the great bankers like the medici, Jakob fugger, august Belmont, moses taylor, the warburgs, Hjamler Schacht, Montague norman, so on and so forth.......

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

Interesting part applicant 2 works for a well known company as installation engineer for 15 years.

As an investor you need to understand the assumptions behind the numbers, as well as terminology.  

I have a mentor i've been shadowing for about a year now as well.

Absolutely - East Hill is a really popular area for traveling heath care professionals, as well as military on short term TDY orders who are looking for furnished stays.Keys to success for my condo have been keeping the furniture fresh, and not looking like every other listing out there.

Since I'm not a pigeon forge local, I also don't have a good feel for the appropriate cost of goods and services either.While I don't necessarily suspect anything nefarious from the management company, I don't now that our financial incentives are always well-aligned.