If you’re considering other custodians, I recommend focusing on those with a strong reputation for consistent customer service, transparent fees, and ease of account management.

The BiggerPockets community has excellent book recommendations, such as The Book on Rental Property Investing by Brandon Turner.

Hey @John FriendasI have purchased 4 of my Co-Living (rent by room) properties with DSCR, 1 of them within the last few months.Not that I necessarily recommend this, but there are short-term-rental DSCR products.

If NY is where you decide to be I would strongly recommend connecting with @Mohammed Rahman he is who I would use. 

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If you want to violate them thats your call. but since your asking sounds like you want to follow the laws which I support and would recommend.

The theory is spot on, in practice however that logic rarely plays out - at least in recent years where multifamily has been crazy.

If you wanna be part of my team or have a referral/recommendation, I'll be more than happy to hear about it. 

I HIGHLY recommend them. 

I would actually recommend using the agent finder for the market your looking to get started in to find you an agent that specializes in out-of-state investors in your chosen market.