After reviewing the standard numbers on population, jobs, income per capital, crime rate, appreciation potential, etc., I was not overly impressed but decided to move forward despite the numbers due to the amount of rent/sqft in comparison to the cost/sqft.

When financing these projects, keep in mind that some lenders may require a larger down payment or charge higher interest rates due to the increased risk.

When considering single-family homes (SFH) or small multifamily properties, it’s important to analyze rental demand, local property values, and rental rates to ensure you’re getting strong cash flow potential.

When I originally put my savings into Marcus, it offered the best APY rate at 0.5%. 

I’d rather not give up my current first mortgage rate to get cash out to renovate. 

They do have a good interest rates.

For example, if your rate is 4% then give them a rate of 5%.

Interest rate is 6.3 and cash to close was $23,500.00 due to higher closing costs with DSCR loans.

My initial reaction is that given today's higher interest rates I don't think $100k income will support an 800k loan because the loan payment on an 800k loan (30 Year Am and 7% interest)  is about $5,000 - $5,500 and your income is about $8,300 per month.

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.