Maybe I’m wrong but I had to do that on our STR (Ring) and Wyze also requires close proximity on initial setup.

This creates a negative initial position.

But the whole concept of foreclosed homes is confusing to me. 

Quote from @Ryan Blackstone: Hey, there is a lot of confusion around this, and first off I am not an attorney.

I own a duplex in Clermont, FL just outside of Orlando and initially wanted to split water meters between the two units, but the cost and amount of work were higher than expected.

I'm looking at small multifamiles and won't have an issue with capital thankfully.I am in Arkansas and looking to stay local-ish initially.

Hi Amanda, I think this is where most borrowers get confused on a DSCR loan.

While time consuming, I did learn a lot and was within $2,000 of my initial budget.

This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.

Please try not to confuse two totally different aspects of investing when giving advice.