This also gives me solid staying power when maintenance costs arise. 

Btw, this kind of note-taking has been extremely helpful in other aspects of my life, and I imagine it will work quite well for real estate as well. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

Additionally, in my market, a lot of these properties are located in areas where price-to-rent ratios are extremely favorable.

Extremely knowledgeable guy and understanding. 

I was conducting an extremely seasonal business and after 8 years of operation the business was insolvent. 

They might not be great for cash flow but might be great for long term capital appreciation especially when you use leverage.I’d rather own a $1M asset that breaks even but appreciates consistently by 3% than own a $100k asset that cash flows $3k per year.There’s power in investing in or near your backyard.  

No - absolute max for DSCR is 85% LTV and that is extremely rare and typically not workable in this rate environment anyways.Standard/common max is 80% (acquisition and rate-term refinances) and 75% Cash-Out Refis

And that appreciation earns you borrowing power.

I exclusively invest out of state (buy and hold / fix n flip) because cashflow is extremely difficult to find in this area.