The strategy has to be adjusted for your own particular circumstance and interest rates relative to rent are a big factor.

Hi Rick,DSCR is a great option given your circumstance.

The boss.Although in certain circumstances I could see someone wanting to have an attorney who really takes the reins on the deal. 

FHA & VA allow for a "Change in circumstance" for example you are moving, changing jobs requiring new location, new school, enlisted military, divorce, other life circumstance outside of your control.As far a penalty due to no intention as using from the start of the application.

And yet, you might be surprised how much foolishness you’ll uncover if you peel back some onions… one thing that I learnt from all these syndication mistake that is that before joining "such private club" is that "I thought I know most of the risk but I found out any investment project (even outside typical syndication) can fail to some unknown circumstances"......from plumbing to comps ............ there're just so many that i don't know. 

circumstances.. education.. personality .. innate abilities.. lack of understanding basic math..desire .. drive.. familial pressures..  

Lot's of people like to bang the gong of cash-flow, but reality is cash-flow is a mechanism of sustainability of operations, not some big profit center. yes, some like to twist it to be, via various function of neglect.

Throw in low offers and some people will be motivated to sell due to life circumstances.

Though I would foresee this in very limited circumstances. 

This is a little out of the box but I thought I would throw it out there anyways...I feel a lot of times when people are going after their dreams of being a success in business and investing they often neglect a very important aspect of life, HEALTH.