I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person often. 

Personally, I self manage but have built systems to allow it to be fully remote and very passive.

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

Quote from @John Friendas: As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like?

I only spoke with one person so far and they scheduled for more information gathering/ rental investment calls from them this upcoming week.

Interest rates need to drop a certain amount in order for a person to make a transaction right now.

The northland MAREI meeting and the main monthly meeting at MAREI have a minimal fee, or for $99 a year you can attend all of them for no extra charge - northland is in person, the main meeting is still online, both are great ways to connect and learn. 

I warn people over and over and over to know what they are buying and to go personally see what they are buying. 

The best part is there is no ownership seasoning period with one of these lenders and they don't report to personal credit.

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.