The showings with the tenant went well and they didn't have any questions during the showing.

Sec. 8 works well in some markets and it can be a premium and successful for locals who own a bunch of them and run them with an iron fist..

They are very nice and can be helpful providing you what you can and cannot build on your property (Set back, height restrictions, front look etc).

Then add any other codes required where you want to build and study those as well.

As well as studied some of the great bankers like the medici, Jakob fugger, august Belmont, moses taylor, the warburgs, Hjamler Schacht, Montague norman, so on and so forth.......

So to clarify, you CANNOT live in a DSCR property as DSCR is business purpose only and that is not allowed.  5-10 units can also qualify for 30 year fixed DSCR loans as well. 

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

There will always be room for improvement, might as well keep learning.3) Take ActionMy mentor taught me this very important idea “Say Yes.”

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

As an investor you need to understand the assumptions behind the numbers, as well as terminology.