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.?

I am reaching out to inquire about the subletting policy for corporate leasing opportunities I am interested in exploring the potential for flexible rental arrangements within your properties.Could you please provide me with information regarding your corporate leasing policy and whether it allows for subletting or alternative rental arrangements?

An alternative investment would be a doubling every 7 years

The properties are listed on MLS, the owner is a business connection from an alternate venture. 

Perhaps slightly higher from an alternative lender but definitely not from a credit union and expect much higher fees.

Alternatively, do the risks outweigh the benefits of $500+ cashflow plus 30% day one equity and less than 2k out of pocket?

Alternatively, you can look into filing an affidavit.For the court hearing, be prepared to have all dates and proof to show the judge non-payment and any dates/times you interacted with the tenant.

While it’s not uncommon for full-service managers, you might find lower rates (~10-15%) or alternative solutions like co-hosting services, especially if you handle bookings, rate adjustments, or guest communication yourself.

There're some alternative planning approaches, but they are always case-by-case.  

The alternative is to set up a self-directed IRA, or better, a truly self-directed Solo 401k plan, invest in alternative assets, and then do the conversion.