Appreciate any insight into the matter, if I can make it work it'll be a phenomenal property in extremely desirable lake location.

If mass layoff's happen on extreme scale as your saying, that would be a VERY sizable recession economy.

With extremely low rates and high rents it was possible to just buy a few properties and basically use them as an ATM to fund your life and quit your job.

The consensus, not surprisingly, was that we are in uncertain times but there are certain societal and market fundamentals that make residential rental property, aka SFR and BFR, extremely attractive asset classes, short-term, mid-term and long-term.

Extremely dishonest advertising and it infuriates me. 

Note that this is extremely hard to do with BRRRR deals since the rental amount you qualify for is for the property as-is and you would not be able to finance any repairs. 

Carol - Tom is an extremely intelligent and forward thinking CPA!

DSCR Loans at 85% LTV are extremely extremely rare right now (if anyone is offering them at all). 

Yup DSCR loans easy to get into hard to get out and a disaster if you miss any payments or have other DSCR issues along the way you jeopardize your entire portfolio.. use those with extreme caution and make sure if you dont understand it all, this is one of the few instances I think U need to have an attorney review and explain all the Covenants of these loans and what they mean.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.