Currently, I manage three villas for rent.

My wife and I work together to purchase and manage our rental portfolio.

They're managed by a property manager and bring in about $3k per month in cash flow after fees.With a household income of around $600k (pre-tax) and $100k available for investment, I'm aiming to find investment strategies that prioritize cash flow over property appreciation.

I work with a bunch of different lenders, so I try to give advice that has the broadest possible application, since we don't always know who the lender will be on the N+1 deal two years from now.So my suggestion to you, to have your cake and eat it too, for that SFR that you want to rent by the room to maximize rent: have one lease, one tenant.... and that one tenant is allowed to sublet.

A strong managment agreement between tenants..   

I work with these types of assets and Partner With @Alice Horn of Villa Key management.

Do you recommend or work with any property managers in Waco? 

I don't believe a DSCR lender would transfer the obligation to a new borrower but please correct me if I am wrong..In general, it will be be a full income verification or full documentation application with the current lender directly and no other mortgage professional would be involved.

If you can figure out how to get a quality asset and manage the risk you can do great. 

This is critical early on when you start investing.Better Property Management: Understanding the basics of plumbing, electrical work, and other home systems means you can quickly address minor issues before they become major (and expensive) problems.