It is a trade group for management companies specializing in residential property management. 

While DSCR loans focus more on the property's cash flow than your personal income, most lenders will still require a personal guarantor to reduce their risk.Keep in mind that DSCR loans typically come with higher interest rates than conventional loans, which is the trade-off for the easier qualification process.

Idea is I could “trade-up” houses, get some trapped equity out of condo, and eventually keep this in my portfolio long-term, for a similar PITI.

(REPS)A real estate professional for tax purposes is someone who materially participates in real estate trades or businesses, spending more than 750 hours a year and over half of their working time on real estate activities.

Hi Jane--I'm a GC by trade who turned to flipping 3 years ago...Here is the skinny--it depends on these things. 

As a GC by trade, I have subs every week pushing to do more in a certain area saying 'You can just charge more for the house.' 

To qualify for REPS, the taxpayer must spend more than 750 hours per year in real estate trades or businesses in which they materially participate, and more than half of their total working hours must be spent in real estate activities.

The trade offs for getting in your first property are well worth losing the free rent with mom and dad in my opinion.

Men generally have better depth perception and are more used to moving objects so are many time better drivers BUT they take bigger risks and have more fatalities when they do crash.Women investors (stock market) many times will do what they are told to do and not do a lot of trading and will stay in stocks when the market tanks so end up coming out ahead of men.Like as @Jay Hinrichs mentions these capital calls could very well be a disaster for marriages where the man is in charge of the finances.

Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.