Limited parking can pose challenges, affecting the tenant pool and potentially requiring lower rent.

The rate for an 800 credit score at 50% LTV on a single-family home is going to be lower than an 80% LTV deal for someone with a 680 score on a condo.

It's going really help you lower your risks in the market as an out of state investor.

Since its a legit business, this will simply be a labor expense and expenses reduce your AGI(adjusted gross income) which lowers your tax liability.

Updated the appliances, updated the windows, updated the electrical, replaced the HVAC, reframed the lower bedroom utility/laundry closet to open into the hallway instead of the bedroom.

I usually advise against it as it could lower the DSCR too much though.

However, the rate is higher and the capital paydown is significantly lower than the Las Vegas property.

But they leave out the risks they took and times things didn't work out well.Most people started with something they lived in just so they can lower their living expenses and save more money, rent out the rooms or the other unit so your paying allot less in rent and mortgage.Allot of people did the toilet replacements and maintenance themselves in the beginning because they didn't have the money to pay someone else.So find a decent deal and buy it, just get started.It's easy to see people who are at the mountain top or clearly letting their snowball roll down that hill and miss the decade(s) of wading through the swap to get there.All you can do is learn as much as you can from them and just try to roll your snowball a little further up the hill.

Be careful to not get your credit score lowered because you have too many inquiries.If you can't go conventional, then DSCR is your next best bet. 

Nonetheless,  my offer will be lower than what I put in the deal analysis.