Plaintiff's attorneys normally cast a wide net to start to take inventory of what insurance may be available and the property owner is the easiest to identify since deeds are public.

In fact, he delivered returns “only” in the 11% ROI range.  

With low inventory around the country, check the absorption rate in your town.

Given your residency limits, the high prices in NYC and surrounding areas are a challenge, but there are still options in neighborhoods further out within your allowed range, like parts of Queens, Brooklyn, and the Bronx.

There is a range of DSCR lender underwriting policies for "1st time investors" - some don't allow it, some do with no restrictions, and some in the middle (typically cut max LTV by 5% or so and restrict against anything over 4 units)Also - check out these BiggerPockets articles for a ton of info about DSCR loans:DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

The property is in Joseph Lee and in the 250k range (but it is a duplex) The PM is downright awful.

There are duplexes being sold on the mid - upper range of that price bracket, that need a little work. 

Over the whole year we have had higher listings than the previous year (the last several years have had lower and lower inventory each year).

Stoking a new run on inventory, and even greater equity growth potential.

Depends on the state but it ranges from $800-1500+ and, as Chris mentioned, we have the borrower pay for out of the gross proceeds of the loan.