You have to value your time, leverage your skills, and execute a long or short term play. 

This would be more of a multi-family buy and hold play. 

This isn't analyzing deals, this is just playing a video game.

Keep track of those costs this year, they come into play in 2025 when it's in service.

Hi Pixel, Check out this article about how DSCR loans play into the refinance part of the BRRRR method.

You will not have the rate long enough for it to interfere with your current and proposed profits.This is where having a good team comes into play for example having a seasoned realtor who knows the market on the purchase/ARV side.

You just have to do a LOT of homework and play by the rules.

And dont know about Ken.. but his partner for sure was very versed in sub to.. the information was accurate as we both kind of played in the northwest sandbox . and before sub to foreclosure rescues / rent backs became illegal in about 08 I personally did a few hundred of them. 

This will be a 10 year play.  

The STR part plays no part in the valuation like @Patricia Andriolo-Bull said.I agree that 20% is pretty fair, but you could self manage it once you get things in order.