Typically, management groups of this scale are VERY efficient and are maximizing revenue and NOI on a daily basis.  

You would use step 1 and step 2A from this form to come up with your income:  https://content.enactmi.com/documents/calculators/Form1038.C...3) It was mentioned above to use DSCR for the next property but DSCR loans are ONLY for non-owner occupied so that is not an option for a primary.  

I am a USMC veteran so I have some flexibility with finance options and I am looking to utilize all resources I can to build and scale my portfolio.

This assumes the market rent for the unit I will be moving into.My goals from entering real estate are 1. add diversification in my investments (right now heavily invested in stocks) and 2. house hack, so that tenants pay part of the mortgageIn my current market, I have two options: a. buy older houses, renovate, bring the rent to market --> this will cashflow, but needs a lot of time investment which I don't haveb. buy turnkey properties: --> renovated and already occupied by tenants but may not be cash flow positive.I found a property that's type B.

While I can't speak to investing in Austin and Peoria due to my lack of experience in those areas, I can definitely vouch for Cleveland as a fantastic option, especially if you're seeking cash flow properties.

Rentals for 30 days or longer you don’t need a permit, ski leases are a great option if you don’t plan to use the place at all in the winter. 

@Zee Abbas Sorry, I meant that on paper, all my properties should have a great ROI, based on their rent vs PITI/typical expense forecasts.

Initially I was planning to use a mix of cash and stocks to fund this purchase, but now having the second thoughts whether I should use  just some cash and apply to some home equity financing options instead to cover the offer amount. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Hey Matt, some of the best lenders and options may not be local!