As for dealing with trusts that's a bit more complicated, as there are typically more people involved and that information is not as accessible. 

While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

You typically need 20% for the down payment and there are some credit score requirements as well. 

@Andrew Postell, I pulled it off the GRM site, which may not have updated ratios: "DSCR loans require borrowers to meet a minimum DSCR threshold, typically around 1.25...." https://www.rate.com/resources/what-are-non-qm-loansI spoke with a loan officer who said it may be lower now to reflect the market, so you may be right, but I am awaiting the approval and don't have the final ratio. 

MFH helps reduce vacancy expense, and you'll typically have a better ROI.

You typically get more bookings (go figure) but also pay a higher management fee.Condos are a dime-a-dozen right now.

2) What paperwork are investors typically providing in pitching you a deal?

Essentially, it allowed it me determine the exact neighbourhood in Phonenix where there is a ton of demand for vacation rentals, and also helped me find the exact type of property to buy (including amenities). 

If you invest in areas utilizing government funding Blue states will outperform Red states because they typically have more funding for low-income housing available.

Being a private money lender who lends out my own money, the typical response I receive from potential borrowers is that it is hard money.