I have a DSCR lender that is willing to do 70% cash out LTV at 7.25% OR 75% cash out LTV at 7.60%. 

Next, speak with a lender and find out what you can afford.

i wouldn't tell you where you should move since i don't know you.also, a lender would be in the best position to advise whether you qualify for a specific loan. 

Many lenders will not do a DSCR loan unless cash flowing.

As@Chris Seveney suggested, being a private money lender can be pretty passive once you find the operator and asset you feel comfortable with.

@Curt SmithI'm not sure why you think that me offering seller finance means that I am a preditory lender.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You only need 1 preapproval, then can shop lenders when you go under contract.2a) Yes, just make sure your agent is licensed in all the jurisdictions.

My budget will be around $200k but I’m meeting with a lender on Tuesday to go over all of my options.