Two examples:4) https://www.zillow.com/homedetails/169-Beatty-Ave-Richwood-O...

Maybe you’ll get lucky and they’ll outright ban STR o require you to live in the property so you can ignore this strategy.  

As a PM, you know there's other things which are involved with running a business (insurance, E & O, supplies, rent, utilities, taxes, gov't fees, etc.)

I believe in higher quality over the long term will ultimately yield better L....O...N...G... term returns for the reasons that @Dawn Anastasi mentioned.  

Section 8 will deem their asking rent "unreasonable") I'll explain it again (speaking s-l-o-w-ly): Section 8 uses the HUD guidelines for fair market rent which are based on the 40th percentile of a moderately priced apartment in a  given zip code.

Here's a PARTIAL list:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Payroll & payroll taxesBusiness income tax preparation and paymentsLabor: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why taking so long, and more & more & more...

DSCR only requires that the rents be equal to or greater than the PITI payment or the ITI payment if you go I/O interest only.You can use DSCR for a cash out refinance, Purchase and even a "Rate and term" which is when you want a lower rate or get out of a HML - Hard Money Loan, Balloon payment, Adjustable rate getting ready to expire/adjust (Recast).

Contrary to Melanie's awesome performance, most individual RE investors per multiple academic studies do worse by 3-4% per year than the REITs do, and many reasons for this, REITs have access to lower cost of capital, lower property management costs (Realty Income-O-, spends 0.6% a year on all management), and many other reasons, but big problem, REITs as very liquid, then people can buy high and sell low causing poor returns too, as above. 

Quote from @Ugo O.: Hello everyone,Longtime lurker here, I've been educating myself about the space and saving up capital to start my real estate journey.

Any provider that promotes a specific course of action w/o informing you of the risks presents multiple issues:1) Such a company is not focused on you; they are focused solely on your credit card.2) 401k, QRP, SDIRA, LLCs, tax, asset protection, etc. are areas of complexity and you can't possibly identify every risky tax position and protect yourself.