If you are looking at more DSCR type options for a stabilized property, then you can layer in market or actual rent, taxes and insurance estimates to calculate DSCR rate.

That also doesn't jive with the 650 flips over 10yrs.650 over a decade, 65 flips a year, that's a lot, bit it's doable. 20, 30 or 50 flips a month.....Lol, I'd be shocked if I saw anyone come close to that type of volume.

Similarly depending on what type of property they bought, partly determines what type of tenant they attract. 

While a mini storage, apartment building or some other type may sound great they all come with their own issues and stresses. 

What is your ongoing maintenance cost estimate as well - it’s certainly not a buy once and don’t maintain type of investment.

The goal with this type of investment is to have your tenants pay most of the ownership cost. 

Do you know the current payment type conservatorship is doing?

Now this is the type of lucid analysis I've come to expect!

A 1031 exchange, also known as a like-kind exchange, allows taxpayers to defer capital gains taxes on the sale of certain types of property if they reinvest the proceeds into a similar type of property.

Pretty niche type of project, but, certainly doable if it’s in a good STR market.