Hypothetically, you'd need >2K rent on a 250K home to get more than 5% CoC (ballpark numbers with a few assumptions, mgmt fees, putting 30% down, etc), and it seems very unlikely this would exist where I'm looking..

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).

The differing factor, IMO, is whether you're working with an HML/PML or a traditional bank/credit union.

- You may have to pay a higher Placement Fee for your PMC to list on MLS and other websites!

When a tenant is far past due on a balance (rent, late fees) do you first take it up with collections, or small claims court? 

I’d recommend steering away from condos due to high HOA fees, which can eat into returns.

That’s before factoring in utilities or each personal situation.

This translates to ownership or a fee, but most lenders want to see ownership.

Of course, if you do flip it you'll want to put in nicer finishes so that would increase your rehab costs and that needs to be factored in as well. 

Market fundamentals and economic factors seem strong and promising.