Investors come to our market because of the low barrier to entry and that we have a solid tenant base that provides solid cash flow to out-of-state investors like yourself.

I don't get the term "DSCR loan"   I mean all loans for 5+ units are based more on the property than the buyer.     

Since your name is on the deed, you have a few options to secure financing for the rehab:Home Equity Loan or HELOC – Since the house appraised at $500K and you own it outright, you may be able to take out a home equity loan or a home equity line of credit (HELOC) based on the home's value.

SO expect to pay a premium based on what the potential value of the building can be once maximized and stabilized.

You are in a great place to learn based on the successes and failures that many have had.  

The answer is based on your goals.Short-term goals are tough. 

This deal was brought to us by our relator and was also a civilian that worked on base that was leaving the area.

I have several CFO clients in KC and I'm based across the state in the St.

Should he be exposed to all liabilities that comes with it such as lawsuit, history of insurance claims(I believe insurance have a data base of past claims that can affect future coverage), credit and what not at an early age? 

Luckily, my wife is in a good W2 job in tech - so I think my bases are covered.