This was a lit up, stand alone cabin with our car parked 10 feet from the front porch...they must have been totally wasted. 

His existing business is booming, to someone like that a (what he might regard as, but this isn't actually a quote) "stupid little triplex" is a waste of his time.TLDR: People that are a good fit for DSCR loans don't want them.

Don't waste peoples time offering that low you are just going to get black listed from future showings.

This is how the membership revenue is being wasted on.

My ideal tenant is someone who functions as an adult, who lives alone with no pets, decent job, minimal criminal history and has experience living in a shared home.

So don't waste a lot of time and effort on this avenue as it will probably produce zero revenue for you.

Windows can use upgrading (not airtight)Bathroom is dated (plan to replace toilet and sink, and paint walls)Has a small rip in one of the screendoorsKitchen sink needs to be replacedCounter has water damage (raised on some areas instead of flat)I was thinking do minimal update only the flooring, sink, and toilet and rent slightly lower than the going rate for rental properties in our area.

I think what eased my mind a little is I make the purchase price number work for me enough that i can minimize my chance of losing capital.

An agent will also know how to transact deals without getting scammed (or at least minimize your exposure).

Once you come to a deal with a seller, you will put it under contract (remember, you don't want to waste a seller's time and inconvenience them heavily, so if this is an owner-occupied home, please make sure you are getting it at a price that you will be able to find a buyer for, assuming you don't already have a buyer lined up).