Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

Traditional loans are debt—you borrow money, take on a repayment schedule, and owe interest, regardless of how the property performs.

By working with a high-performing team, you can absorb as much as possible.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

Especially when I saw the high rankings on Airdna for DFW and started to dig into the highest performing listings and sub markets around the area.

Your name and credit would stay with the existing note, which you would keep paying on - ideally yourself with money you receive from the "buyer", because if they don't pay your credit is wrecked and your house is in foreclosure.If you search on here you'll see everyone and their brother looking to do Subto and it's a nightmare unless the buyer has the funds to pay the note off if/when the original lender figures out you don't occupy the property any more and are attempting to do what you want to do, since most loans are going to specify that performance.  

I have a mix of MTRs, STRs, and a room rental and I can perform all the needed property management and bookkeeping features on the site. 

The real estate agents who are knowledgeable and doing a lot of deals each month will be the ones who can get you these accurate numbers.

Hello Fellow Investors,I have an investment property in Wheeling, IL and I'm interested in performing a Cash-Out Refi.

You really should be able to hone this in close and pretty accurately.