DSCR cash out is probably going to give you the best rates and lowest fees compared to a Fannie Mae or Freddie Mac investment property loan.  

The projected cap rate is 11%-12% which is not bad at all, especially considering that once the remodels are complete, rents will more than double.

A primary residence on a 15yr mortgage with a 3.1% int rate... a comfortable payment.

Talk to local investors (someone unbiased, not an agent or wholesaler) and experienced property management companies who will let you know rental rates for different areas, tenant base, etc.  

So far, I acquired 4 properties and hold 1 for rentals made 150k equity and $400 per month cashflow with 7.25 interest rate.

I have a higher nightly rate because I can sleep more people, my taxes and insurance are higher.  

Then rent it to a qualified applicant willing to pay market rates.

That's between a 6.5% and 7% cap rate.

Boils down to cost control, rent up occupancy and rate management.  

The reason for this is because there is a possibility for interest rates to expand and/or market conditions to soften.