Those that have other goals (such a reduced risk) or do not understand the numbers do not. 

A common misconception is that you have to put down 20% of the purchase price.

Yes first-time buyer DSCR is actually fairly common, especially here in Southern MI. 

Do some research to figure out what type of property—long-term rental (LTR) or short-term rental (STR)—best suits your goals.

Your account structure depends on your goals for growth and if you plan to self-manage or hire a PM.

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

I'd be surprised if the complex doesn't have individually metered units so you may be able to eliminate the utility expenses unless those are for common areas like walk ways, parking lot or laundry.

The goal is to minimize unnecessary usage and prevent extra costs, rather than blindly paying whatever bill comes in.

It seems like you have some very solid goals of multiple income streams, and a well calibrated risk tolerance. 

What are your goals for 2025 in real estate?