Depending on the zip code I was wondering could I gamble with them on a fix and flip or brrr.

If you renovate for a flip and then decide to BRRRR you will likely get less than you expect because the finishes will be too nice for a rental (depending on the neighborhood, it could work where you are in that price point).

It just depends what you are looking for though.

Properties also have specific risks depending on if they are industrial spaces, commercial buildings or multi-family units.

It will depend on your budget and if you are willing to take hard money. 

The DSCR scenario you mentioned doesn't seem too far off depending on the full scenario.

Again it depends on your goals. 

It doesn't hurt to go over the numbers with a lender though who could give a breakdown of what a closing might look like depending on your buy box. 

Having someone to help you navigate challenges, anticipate issues, and give you personalized feedback as you build your own path is incredibly valuable, especially as you're just starting out.While paid options with specific systems might seem appealing, I agree with you that the key is finding someone who can provide ongoing, situational guidance, particularly someone who has experience in real-world application.

In some cases, Fannie Mae may approve a PMI removal even earlier than the 2-year seasoning period if you can prove the substantial increase in the property’s value.Speak with Your Lender: Given the complexity here, consider having a direct conversation with your lender and asking for a specific review of your PMI removal request based on the current LTV and any potential reappraisal opportunities.In summary, while it’s generally required to wait for the two-year seasoning period for PMI removal on HomeStyle loans, there could be flexibility depending on the lender’s interpretation of Fannie Mae's guidelines and your property’s new appraised value.