Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

It can be used to monitor markets, filter results based on lots of different criteria & even includes annual revenue numbers that you can work backwards to see how certain markets/properties are performing.

First thing I'd look is the zoning for that property to ensure ADU/multifamily is even possible.

It wouldn’t even be listed on Airbnb during this period so I wouldn’t get dinged by them for blocking the calendar.

Even at $1500/month that is $18,000/year… so I’m having trouble understanding $150,000/year unless you are building 10 free and clear rentals?

@joel even if you convince the bank,  did you put 5% of your own money down,  or someone else's? 

Outside of real estate, I enjoy Working out, training my German shepherd, and traveling with my family.

It makes sense to me but I foresee that to be a contentious point, even more if they end up not getting the rental.Thank you in advance!

And honestly, even a DSCR loan by itself, under an LLC, also doesn't provide much shielding. 

You could trim your expenses by eliminating property management - you can absolutely do this yourself on a 6-unit, even as a newbie.