Like you said, you have to make deals and look outside of the typical markets. 

There are more buyers for SF homes, but Multifamily properties typically cash flow better as you mentioned. 

Typically, 8- 12% net for OOS investors based on cash purchases.Good luck 

I’ve been thinking DSCR but don’t they typically have higher down payments and closing costs?

I have warned countless people that the "new", "Cheapest", and "shaking up the insurance market" carriers typically come into the market under priced, have a wave of claims, then they either jack up premiums to survive or fire their staff to keep heads above water.

I know these lines of credit are typically variable rate and interest only but when I am buying deals with 20-25% equity that are new construction and cashflow around $500/mo with this loan option, I feel like I have hedged against those risks fairly well.

We will do the reno typically a week.

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.