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Is this wise, or should I take a different strategy?

@Michael Shea I'm not a tax accountant, but I've done the rent by room strategy for over 6 years as a house hacker, and I've recognized rent by room tenants rents in the Schedule E part of the tax return.

We have great investment strategies that allows us to get higher rents than most so our investors are able to capitalize faster, refinance, get money out to do it all over again on other properties.  

Other strategies such as fix and flip or house hacking don't really appeal to me as constantly seeking out opportunities in hopes of generating large amounts of cash is not a part of my nature.Also, your local REIA will be an awesome resource for you.

However, the choice of location significantly depends on your investment strategy.

There also may be other strategies like STR and MTR that might make sense depending on location. 

Potentially a good idea to search out a good Non-QM/DSCR focused mortgage broker thats on the ground in Las Vegas to find you a good optionDSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

So this got me thinking about my portfolio and I came up with two immediate strategies to improve both my CoC return and my cash flow with just a nominal cash outlay.

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.