This strategy can generate higher returns than traditional rentals, but it does come with increased management requirements and potentially more volatility.

Low inventory, higher rates and a LOT more investor competition have made it quite a bit harder.

Section 8 would tend to carry higher repair and as a result, additional vacancy.OP’s definition of cash flow is rent minus piti.  

Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

From what I’ve read in Bloomberg, certain markets like Austin and San Antonio are still seeing solid appreciation despite higher rates...

Lenders that go higher than 80% LTV will likely be more in the Prime + 1-4% range.

There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

Your property management rate should be higher—there aren’t many options in the Metro East, and the good ones tend to be expensive.You mentioned that he’s already okay with you removing the tenant or adjusting rent if needed.

Sure, I could look for a higher paying job, but I was wondering if anyone has any creative short-term methods to improve my ratio.

I wouldn't automatically assume DSCR rates will be significantly higher than traditional financing - that's not always the case.