My home is worth around 215k and I owe 127k.  

I considered suing for non-performance but felt the hassle of doing so would not be worth the benefit.I'm still hopeful and looking in the Flint market, I just would not use them to do so.

Quote from @Louis Hamilton: The property is worth around 800,000 and has no mortgage on it.

That being said, there won't be any down payment required since you have equity (you're guessing ~55,000 but I wasn't sure if you were meaning the property is ballpark worth ~$175,000, or more than that). 

An Excel file or other detailed record-keeping system would okay, as long as it accurately tracks your hours spent on real estate activities.

If you hate the process of placing tenants, it may be worth it to hire a property manager to handle tenant placement for you.I think finding a new tenant is a better long term strategy if you're confident you can find a higher quality tenant that will cause you fewer headaches.

Again, others might disagree.a) Track Record: Get the entire track record for the strategy.

Hey everyone, for my first flip, is a fire damaged house worth it (purchase price 40k-50k 3br).

I still don't have a receipt or record for the transfer outside of my bank record. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.