They’ll also handle all the paperwork for you.

As such, some folks here can handle most of all the lingo, concepts and strategies making for fun and fantastic discussion.

It'll at least help you reduce your living expenses.

Add maintenance/cap ex, vacancy, PM, misc and this is likely negative more than $500/month even if self managed (much more than the negative $200 that you indicate you are ok with) 2) if you are behind on mortgage, how are you going to handle being negative $200/month, or more like negative $500/month?

If you can't get the seller to reduce down to that appraisal, consider walking away. 

For example, you may reduce the maintenance and capex to 5% and then discover turnover occurs more often than you had planned.

As the great philosopher once said, "mo' money, mo' problems".I think the reduced leverage plan is a good choice to free up some DTI but obviously the extra fees on DSCR could start to add up a little.

Electrical contractor quotes me $5k but noted he could do it on T&M at a reduced rate.

You building and handling the rental, hanging signs, etc is an orange.

Is it to build up assets, is it to make additional income, is it to reduce your monthly housing spend and save more money, is it tax breaks/benefits?