When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!. 

You also have to check out your current lenders MAX CLTV rules because it may cause issues with the first DSCR lenders original note/agreement.There are some lenders that have CLTV rules or will not allow a 2nd lien if it does not confirm with their Max CLTV similar to a 'Due on sale" clause.

And buyers can’t borrow $1 more than 75-80% of the comped value of similar non-STR homes.

Great insights.When you say that you share with the appraiser some comps, are you referring to other post-rehab properties in the area, with similar rehab outcomes?

Similar to a checking or savings.

In my previous post under a similar heading I talked about my main learnings from a land deal that I'm working to close.

We’re on a similar wavelength, pumping out Class B multifamily (12-200+ units) in rural southeast US—rural Georgia, Alabama, Louisiana.

What is the current market valuation of the property based on comparable sales (defined as similar properties, within a 1-mile radius, within the last 30 to 180 days, that are within 10% of total square footage)? 

I ride bikes in my neighborhood and bought two houses in a similar way from tired landlords. 

You can withdraw from your 401k starting in the year you turn 55 if you qualify.I am following a plan similar to yours.