Yes first-time buyer DSCR is actually fairly common, especially here in Southern MI. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

However, we have a lot of questions about pitfalls and unknowns especially with older properties, or if there is a better investment strategy since cash flow properties in our area aren't meeting the numbers we are looking for.

As a new investor, I made the common mistake of being too aggressive, starting with seven distressed units all at once.

This is common for that build time frame.

On a more common event list, would be hail, flooding and wind damage (trees esp.). 

I have one property in an area going down hill and this is common. 

If you have hired a specialist to perform a cost segregation study of your real estate property, they will likely use one of the six most common methodologies recognized by the IRS.

Quote from @Evan Ross: One of the most common mistakes I see with amateur landlords: attempting to build goodwill with their tenants.

Seller is understandably getting really upset, because what the bank is asking for could take weeks and we were already supposed to have closed.Any adviceAloha Leah, this is very common as the other lender stated above.