When we show up to more events or talk to him on phone calls and webinars(regularly, like every week), he KNOWS who we are and can communicate with us in a manner I have NEVER experienced before.

Sure if you dont have your own 3-5% down payment then yes use DPA if you really want to buy.After going over the pros and cons typically our FTHB'ers or first time home buyers end up getting a gift or bring in their own 1-2% down + 1-3% gift and end up with 3-5% down payment and borrow at regular FHA/conventional rates (avoid the DPA program rates).This is actual experience.

He analyzes the data regularly and names the best locations to invest.

Just curious, do you have a regular bank - like a Chase or US Bank or a local bank in addition to Baselane or do you just use Baselane exclusively?

You should be able to refinance with any regular DSCR loan in this case.

I ask because a lot of new investors are getting lured into the thought of them because you get paid by the government this alleged "guaranteed rent", but that's not really how it all works.The Section 8 website for your area or the larger one should have metrics per square foot for the area.I have one section 8 rental and 2 regular rentals.

Why not just do regular cashout refi ?  

- Having minor maintenance taken care of at no cost - Regular cleanings and maintenance so small issues don't become big issues- A hands off tenant who never bothers the landlord- A property maintained in new condition because it's in the tenant's interestI used to do primarily rental arbitrage but shifted to STR/MTR property management.

In addition to doing regular inspections as soon as someone gives notice due and immediate inspection to determine if the unit is being kept up decent or if you need to plan on some repairs before it is turned.

I am happy with the regular distributions, always on time.