Nicholas Nassim Taleb helped me get there too.I find cashflow mostly a present gauge and thus much more highly accurate.

.: Quote from @Tim Delaney: That seems odd to me assuming you aren’t in a highly negative cash flow situation.

Yes, but highly unlikely:(Anaylsis process is pretty simple.To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

However, the high down payment and reliance on a DSCR loan could limit flexibility, especially with your DTI constraints.

HOA fee's do not just shoot up that high unless there is trouble from a legal standpoint.

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships and excellent customer services to determine how to best market to your leads.

@Maegan Quaife, Of the 4 prongs of the Internal Rate of return 2 of them are very high for you - cash flow and amortization of the loan. 

I generally rule out most single family homes as viable rentals, as prices are pretty high relative to rents, so aside from some downtown neighborhoods, typically you do not find large areas of single family rental neighborhoods (a median sale price on a 3 bed, 2 bath home so far this year in Dane County on MLS sales data is at $430k). 

Any way around paying the very high property tax, school tax etc. in SC?  

My sister recently moved to HI, and I figured that might be an interesting market because of high rents and HCOL - although also high property values.