I am actually planning now for when my kids are in/through college and I am able to target larger multifamily projects in a wider geograhical area. 

Some lenders use the lower of the actual rents (if rented) and the appraiser market rent survey to calculate the DSCR ratio.

My 2 cents is right there with the other guy, get into something on your own first to test the waters and know what it’s like to actually buy and do some work.

Even then you would still need to actually go get the license and maintain it.   

This is your actual cost of the property. 

It's not quite the same, but it's actually better because we don't waste time drinking beers and shooting the breeze about football or cars.

A helpful trick is to completely ignore the rents the buildng comes with and figure out the actual market rents you can get. 

I am actually about to try again, so any insights from the community will be appreciated!

I did not want to incur the cost but I figured...that maybe....just maybe....sometime in the near future us ADU home owners may be able to rent both units....like a duplex.At that point it will be worth it to let the tenets be responsible for their own bills.Not saying that other ways are bad...they are actually very cost effective if you are living there...but what about as you scale your business and move onto other properties.This of course if your city will allow you to rent both units...the city I am in is tough but things can change as more pressure is being put on affordable housing.Once again...not saying any way is right or wrong...I just did it this way for the reason I just mentioned.Thank you....

  " Inventory should increase and prices should dip" Ray,you were so wrong in that prediction because as everyone knows, the  interest rate dropping and many people's rush to buy housing so they could work remotely actually caused price increases in so many places.