And 4 individuals want me to call them because they want a house in this neighborhood . 

As you gain experience and confidence, you can explore more advanced strategies like BRRRR or expanding into different markets.Ultimately, the best approach for getting your first rental property will depend on your individual circumstances, goals, and preferences.

The FTX bankruptcy is going to be a little more involved than an individual borrower declaring bankruptcy to halt a foreclosure sale on an NPL! 

A chapter 7 is a straight liquidation while a 13 is a an individual reorganization.  

these programs should be tailored to the individual, not one size fits all. 

Connecting with like-minded individuals can be invaluable when starting out in real estate investing.

Some already good advice in this thread...I'll try and add a few more tidbits.It looks like you are going for the material participation test where you do 100 hours and no single individual is going to exceed that. 

REIA meetings and events are a great place to meet individuals with experience in the local market so yes, I highly suggest that you join them specially since your learning REI.

We are still diligently screening the tenants and they are agreeable to using their parents to cosign in one way or another.Can I have one parent cosign for the group if they agree or does each individual renter need a cosigner?

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.