If you can save up 20% down in a low-cost market like Cleveland, you could use a DSCR loan to secure financing while you still don't have any stable income. 

In 2018, we had a property turn and the net cost to you out of pocket was around $500 (costs to repair minus the security deposit that was returned to you.)

If you mean security backed by collateral, you are correct.

However the event of default just gives the holder or beneficiary of the security interest the RIGHT to accelerate all payments and call the note due..

If you could see that the population growth was increasing, then you could invest with some security. 

I’ve been securing great deals for clients in the Hampton Rd area. 

Prioritize tackling critical issues and beefing up security to keep your property safe and sound.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

It's a riskier loan given you do not carry a social security, no US credit & no experience.Due to increased risk comes mitigation (Lower LTV & Higher Rates)

This provides you with a safety net for any unexpected expenses during the rehab process while also potentially allowing you to secure higher leverage on the purchase price.