I will essentially have a bag of cash but no W2 or desire to get a W2, so I'm likely going to go the hard-money route. 

YES, a job is essential and the sooner I land something, the sooner I'll get on my REI journey. thanks for the encouragement & advice. 

It's a hassle when they leave, but it's essentially over at this point.

These items will vary from DSCR Lender to DSCR Lender and can also be determined by things like your credit score, property type and its DSCR ratio, etc.  3% origination cost is very high for DSCR as well unless you are essentially "buying down" the interest rate quite a bit (trading fees for a much lower rate over the life of the loan)I have also been told by multiple people that I should create an LLC or Trust.

Instead, they get compensated by Turnkey providers or builders with a marketing fee:“…we as the turnkey property promoter gets compensated by and only by the turnkey provider or builder that we are working with, they are essentially paying a marketing fee,” ( Link ).

Originally posted by @Michael Haas:@Adrian Chu we've been extremely curious about that strategy - essentially "Condo-izing" a single family lot.Was this a hold for you, or did you sell one or both of the units?

What is essential to me is to understand  one piece of transaction I discussed in OP.

Chicago's Residential Landlord and Tenant Ordinance (RLTO) and building codes require that all rental units meet zoning, health, and safety standards.

Essentially, you get to experience real estate investing firsthand, with your tenants helping you cover the costs.Build Long-Term WealthAs your property appreciates in value and your mortgage is paid down by rental income, you’re building equity.

Having asset protection when coverage is denied is essential.