Even if one tenant is responsible for rent payments, the others will live there and impact your liability as a landlord.Accountability:Requiring all adults to apply and sign the lease holds everyone legally responsible for the terms.

I was forced to buy my first house because my roommate moved out and I couldn't afford to live alone.

My suggestions:* Requiring code compliance and safety equipment is absolutely valid and should be part of the regulations* Requiring owners live within 15 miles is not necessary since poor hosts whether they're local or distant will violate the 3-5 warning system and earn a suspension.

While you are willing to work with them, they are apparently happy to live rent free and don't seem to care about you.I had a long term tenant (5 years) who stopped paying the rent.

No, not places you heard people want to live, or were told, or think, no-no-no, where you KNOW people want to live. 

Unless you want to live in that district, I would avoid any and all purchases in an area like that.

A DSCR Loan requires the property to be in LIVABLE CONDITION.Does it mean YOU would live in it?

However, I am thinking of having my parents who are retired living there part of the year and doing STR for the remainder of the time.

P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

I live and invest in Milwaukee since 2007, so probably a little bias here, but we are set up very well for future growth.