Alternatively, do you think it might be better to use the 200k to make down payments on higher-quality homes, i.e., ones that are almost rent-ready, and finance the remainder of those purchases with DSCR, etc.?

An other alternative is VaultLocks keybox that allows for a temp.

Alternatively, there are high-yield online savings accounts like Marcus or others - the difference is that banks have some inherent risk, thus the FDIC insurance. 

With my last (2 years ago), I had to take an alternative exit strategy to avoid a loss.

Good Evening @Abel Curiel, I'll for sure dig a bit deeper into Suffolk and Westchester in my mind I did not want to wait that long to save up $50k, but maybe it is the smarter/safer move to be patient so I can have a strong basis for my portfolio.

There are some very good alternatives to using QB, including Xero and Wave. 

Indeed, the FAIR ordinance is anything but fair to non-corporate landlords, seemingly punished for investing in rental houses to generate income as an alternative to stocks and bonds.A handful of opportunists likely could learn to exploit these new rules, preying on otherwise law-abiding landlords to obtain legalized shake-down payments.

Transitioning to a Second Property with Low Money DownIf a second FHA loan is not an option, here are alternative strategies to minimize your out-of-pocket expenses:Conventional Loan with 5% Down: Once you’ve added equity to your current property, consider refinancing into a conventional loan to free up your FHA eligibility.

@Tom Craig,Glad it provided some useful insights into alternative methods.Eric is still off track - I still don't know what he's doing. 

The alternative I had pursued the last two years was hard money lending.