o Full doc (pay stubs, taxes, personal DTI) or light doc (asset-based, DSCR)?

Occupants: The Tenant shall not allow or permit the Premises to be occupied or used as a residence by any person otherThan Tenant and the Permitted Occupants.

I think some of the answer lies in your personal goals and in the amount of money you have available to you.

@Emily Beatty After experience investing in both, I personally prefer Lexington primarily due to my thoughts that it has a better future than Louisville but both markets have great investments out there.

At some point after quite some learning and studying I figured out that I do the most of the work and the best person to serve myself.

But it's really a matter of personal preference and your business model.

Also, with DSCRs, you will not be able to use the property for personal use at all.

Honestly, get on-line and read, buy a book, or talk to a knowledgeable person and you will be further ahead.  

I personally worked all around the cities right outside Detroit; Warren, Roseville, bad side of Southfield, bad side of Sterling Heights, etc.  

For STR, this is not really an issue, as most STR's 3x the LTR rental income.Also, curious as to why you would want to go Conventional and impact your personal DTI, vs. just going DSCR?