Repairs and maintenance on a rented house could add $2500-$3000 annually to your negative cash flow; rent loss between tenants, brokerage fees to real estate broker bringing tenant; advertising fees if you decide to find tenant yourself, accounting and tax prep help may be needed, and of course you bear the risk of I reimbursed tenant damage, eviction costs if necessary, etc. 

Please bear with me, Im like infant new at this, but what exactly would that mean, how would it work, and what would be the benefits/ drawbacks from doing it? 

Going to run some numbers on that - as well as the other options - one follow up question though, how important is it to plan some travel to the city - at least to get my bearings, but also maybe also after purchase to get a feel for the property itself?

As such, the growing reality could result in the inability and/or increased difficulty with refinancing out of DSCR loans and into lower interest rate bearing conventional loan instruments. 

It's a big burden to bear in my opinion, especially for 6.5% cash on cash.

However, bear in mind that you won’t be able to roll major structural repairs into the sums that you wish to borrow.On the flip side, a standard 203(k) loan, which is typically used for larger jobs (exceeding $35,000), can be used to cover major structural repairs.

Thanks Shiloe Bear for the clarification!

Most recently fully compiled data (Nov 2018) has it at 3.1%, not 6%: https://www.bls.gov/eag/eag.al_birmingham_msa.htmSimilarly, our jobs growth over the past 12 months for which full data is available (Nov 2017-2018) shows jobs growth of 25,102 jobs, or just under 5%... (25,102 increase / 505,088 jobs in Nov 2017): https://data.bls.gov/pdq/SurveyOutputServletSince census data is from 2010 and won't be done again until 2020, the USCB has to estimate population and other metrics based on trends, so bear that in mind.

What value you used for depreciation upon conversion has no bearing on your gain...it is as you suspected.  

They bear the brunt of the responsibility and none of the glory. lol Seriously though, the right lender, makes and breaks deals for all parties.