If you have a network already that might be adequate, but building one from scratch requires some time and often a few false starts.

., lest someone jump on me for not stating that.The 1% rule to GRM conversion goes like so: 1% is adequate for monthly rental income, so 12% is adequate for annual rental income.

Adequate risk management strategies are essential to mitigate financial risks.Property Performance: Maintaining a healthy DSCR ratio requires diligent management of the property to ensure consistent income generation and control operating expenses.In conclusion, DSCR loans are a vital component of commercial real estate financing, offering both opportunities and challenges for borrowers and lenders.

I did the online course and webinars. it was really convenient and adequately prepared me for the exam.

So you will need adequate income from your regular job or other sources to cover your existing debts and the new mortgage. 

Definitely require them to sign an agreement with you requiring them to hold adequate commercial insurance as well, since they also will have some exposure.  

Whether it's called "delayed" or "cash out" the thing is you have to wait before you can pull ALL your money out AND your property has to appraise adequately for you to do so.  

This is substantially below my current income level, but it should be adequate for my family's needs.  

If you feel strongly about it the cash flow appears to be adequate.  

But there are more important things like A) vetting your turnkey provider B) vetting your Property manager C) Making sure the property is good with a great inspector D) Picking a good market where if you experience a nightmare tenant it won't matter because the property will appreciate in value and E) Making sure you have adequate reserves to absorb the 'learning experiences' that will inevitably occur.Also, a lot will depend on the demand for rentals in the market you choose and the type of property.