Everything being said I am absorbing, factoring into my decision and asking my sponsor questions.

I understand that Cap Rates are not a set number in an area/property, and they depend on many factors. 

What are the most important key factors you guys use before investing in a property?

I should add so many agents here, are gonna tell you this ******** about renting being a waste, but it’s literally cheaper by in some cases thousands a month when factoring in repairs, you can put excess savings into index funds etc. every single friend I have all of whom are pretty fiscally savvy have made the same calculation, I even have a good friend who is trying to sell his condo to rent because his monthly expenses will decrease when he sells his condo & he can be in a better area.

@Roger Garner there are many factors that go into the decision of whether or not to keep your property as a rental. 

Here are some factors to consider:SFH: Easier management, typically lower upfront costs, and the potential for strong appreciation in Orange County.Multi-Unit Property: Greater potential for rental income from multiple units, but it may require more active management.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

.), and many other factors.

The main things that will distinguish Cash-out DSCR loans from each other are the pricing factors in their guidelines.1.

that can be a big determining factor if something like AirBNB will or will not work (or will even be allowed by county/city)What is the layout like?