It sounds like a great rental, however, you know it better than anyone on here. 

I heard about Latchel today and it sounds great, but would really like to hear how well they do from someone with experience using them. 

Sounds like the issue is the lender you are working with does not allow first time home buyers for DSCR.

It’s flexible and can help you fund deals quickly.Lease Options: Similar to “rent-to-own,” you control a property with minimal upfront costs and can potentially get a cut of the appreciation if you decide to buy it later.Lines of Credit: If you already own a property with equity, a HELOC or business line of credit can give you accessible funds for down payments or renovation costs.House Hacking: This might sound basic, but if you haven’t tried it, it can be a fast track to building up rental income and experience without a ton of cash down.

I have a ninja trick (that sounds cool doesn't it) to where the bank will accept alot less than the appraised value.

It sounds like you have done this before and have a good plan in place.

Does that sound like a good plan or that is a stretch?

NSPIRE inspections will more accurately reflect the true physical conditions of properties and ensure that property owners adopt sound maintenance practices to eliminate health and safety hazards that may pose a threat to residents.

My initial thought is to invest this into the stock market (Amazon, Tesla, Google, etc...) and keep doing that for the next two distributions as well, ultimately pulling it all back out, plus the earnings (hopefully) in 3 years time to purchase a house.Based on the plethora of experience in these forums, does the above sound like a good plan? 

Sounds good to me.