DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

That's a low-return improvement, compared to say new bathrooms/kitchens.IMHO, if you expect to increase your net through rental and market appreciation, consider the length of time it will take to realize that goal—many years. 

It is in a 55+ community so my concern is that I would only be able to choose tenants from certain demographic.

Any specific goals set up for 2025?

It was inspiring to meet people with similar goals who are a few steps ahead.

Leverage the upcoming meetup to find others that have done what you're looking to do as well as a lender that can give you a personalized playbook to achieve your goals in most effective manner. 

I love being able to turn personal properties into rentals as they required a small amount of cash for a large asset to have someone else paying off.It really depends on your long term goal, but ours is to use these "retirements baskets" into reasons that early retirement at 44 is successful! 

Memphis has a pretty affordable housing market and tends to offer solid rental yields, which might align well with your goals.

Talk to real estate agents, property managers, contractors, lenders, title agents, etc. to find out what is going one.Also, you do need to think about what your goal is.

As you probably know commercial lending on CRE is not the easiest task right now, then add all the complications to it...foreign buyer, new LLC, new bank accounts, etc and that probably cuts out a lot of lenders who will be interested.Also find out what their goals are to determine if what they want is even feasible.