By all measures this strategy is far superior to what all the BRRR/DSCR/Poor Dad Rich Dad folk do.

Based on the numbers and my strategy, do you think this is a good investment for my first property?

Focus will be your superpower - figure out which strategy you like best and double down on that! 

Here are a few high level thoughts for you as a beginner:-Don't lend in second position-Don't do deals with new investors-Don't experiment with new strategies, even with experiences investors- ie, don't jump in to a first development project with someone just because they've flipped 20 houses. 

I like this strategy and plan to continue. 

I'd say the logical paradigm in the question is a bit off.CRE includes everything from airports to golf courses to hospitals to campgrounds.So saying "residential versus commercial" is like saying "bacon versus plant life."

The first thing I ask is why am I Buying the property.I always look at the exit strategy first, is it going to be a rental, a lease option sell, am I planning on living in it.

And do they care if I do rent by the room strategies?

With this strategy, the house layout is very important.

Clarify your strategy—whether it's rentals, flips, or house hacking—and build a team of agents, lenders, and contractors.