Besides the new WEC and it being a horse enthusiast area (and closer to horse ranches/trails), Ocala does not have a great reputation (friends don't care for it).

Hi NoahI’m ericIf you still have friends and family in po We have rentals and do flips in po , wapp ect I also host a networking in real estate meet up for last 4 maybe 5 years We’re not nyc but market is still hot up here 

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

There are other non-QM loan options for self-employed individuals that can use your bank statements (biz) to show cash flow versus, tax returns for income.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I've bought properties, gotten private lending and have built up contacts in my phone for a bunch of investment friendly contractors, from people I've met at those meetings.  

If it needs a complete renovation $75-$100k in DC will not get you far.Also recognize how tenant friendly DC is and make sure to take that into account.

But, you get to pick the individual property. 

Recently my friend found one $640k, bad schools, $370 HOA/mo, rented out for approx. $3500-3800/mo, not able to cover the mortgage. 

My friend has written an app called Shuk Rental Marketplace (I'm not in the company) so landlords can get rated and rate their tenants.