I do have sufficient cash of our own in our bank accounts to show we could cover the mortgage for ~6 months if it was unrented.  

We're in the middle of closing three STR DSCR refis right now.

Hello, I just joined this site, however I've been in this business for three decades....not sure that is a good thing. :) We are very competitive our products. 780 score ,25% down DSCR rates 6.875%, 30/30 Interest Only, $5027 IO, if 5 year prepay, No points.

You live in one and rent out the second room, while also renting out the other three units.If you are looking out of state, and do not intend to move there, I am not sure VA loan would be an option, in which case you will often need a higher down payment.As with all real estate, it is expensive.  

@Eric McginnI’ve had this same problem at my first three family.

Try interviewing at least three managers.1.

We have bought three deals this year, and closing on a fourth next week.I'm also a life coach, and limiting beliefs have held me back.

Then I had to do an eviction.. so three year process.

Here on the Oregon Coast, I would attest to that accuracy based on the review of hundreds of financial statements for active oregon coast vacation rentals and the performance of nearly two dozen STR investors and operators we've helped acquire properties within the past three years. 

Often it involves the auditor comparing your flagged tax return with the one before and the one after, three years side-by-side.