We are based in the SE as well. 

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.

The home we have now in Lakeland, TN (near Millington) is definitely Class A and there is a large volume of transients that move through the naval base, FEDEX and other like jobs that our neighborhood of 400+ homes hardly ever has ever rental openings, but there are often multiple homes for sale.We think if we can maintain the right type of tenant we will be fine.

At the same time, I would reach out to that STR owner to try to get him to fix the nuisance issue.That said, even if you are successful in staving off the issue for now, it could come back at any time based on the current board members or on wide community support for getting rid of STRs.You could try to gather support for changing the covenants in your favor, but my gut is that that will be hard to do. 

To state that a broker cost more than a lender is false and can vary based on institution.

I was using an insurance broker that helped break it down for me based on if I was planning to replace anything right away or wait. 

My issue with fourplxes is that based on tenant demographic rent per unit is quite low.

Any guidance would be greatly appreciated as I live next to the largest Navy base in the world in Norfolk VA.   

I think if you networked you could have a strong base to go at it solo without dealing with partnerships 

Second, I think you are still looking at this experience through rose-colored glasses.