However, the road block I face is getting to a point where I think it’s an “ok” deal (meaning it’s not fulfilling the 1% rule, but more like 0.75% and little to no immediate renovation cost/typically a new build townhome) and then I start to question whether I could find a BETTER deal if I just keep looking.

Typically, this gets the subs moving at a much faster pace, as who doesn't want that Friday payday check!!!

I’ve been scanning the market and come to understand as my first investment I’ll probably have to find an apartment/condo something like that and I typically hear of STRs typically making more cash flow etc.

However, if this is your first flip/investment it typically is easier to do something local and then expand to further markets.

I know when you make an offer you typically specify how you plan on funding the deal.

Generally, the biggest difference is that DSCR Loans often have prepayment penalties attached which typically will have a 1%-5% fee if you prepay the loan within the first five years so its the "risk" of having to pay a little extra fee if you sell or refinance the property pretty early on.PS - check out this series of 10 articles published on BP on all things DSCR Loans which can give you a full rundown on everything you would need to know when using this type of loan!

Personal loans are typically shorter term maybe up to 5 years.

Companies typically last only ten years on average.

Yes, when there are multiple adult occupants, you would typically combine their gross incomes to determine if they meet the income criteria.

Typically they will have referrals to local accountants you can interview.