Sold it for a profit fairly quickly.

All fair questions and yes, there are far too many variables to say with any sort of certainty.

I think it's fair to say that for some people, reading can essentially be another form of procrastination, just like social media and TV. 

You got a screaming bargain that was so good that no one else wanted it from the provider side, even for free.

My state is very fair to landlords, but there's no way to win this scenario.

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

@Chan Park Hi Chan, I sense you are fairly new being a landlord.  

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

For example if you were to exit a new build in 5 years there may be no cap ex cost (i can think of few cap ex items that does not last 5 years - maybe carpet in class c and lower), just maintenance costs which would be fairly small.Best wishes

I'm fairly handy, but just to balance things with my 9-5 job, focusing on something that just needs superficial updates or something nearly turn-key is probably best.