I think the math should scale (i.e. for ~$2M I should be getting >12 bedrooms minimum).Does anyone have experiencing owning investment properties near UofM central campus, and/or as a property manager, that can comment on how the rental market has been for the past decade plus (stability, concerns, etc.)? 

Far more than most real estate acitivies and much quicker think about it.. you sell the same info over and over and get paid instantly you have no roofs to fix no tenants to manage etc etc.. you do have reputation management of course.

I think i've 2 more properties since we spoke.

Some of the other lenders mentioned in this thread are more so private lenders / hard money lenders and while they may underwrite based on DSCR, I don't think it is the DSCR loan you are looking for.

That's what I was thinking.

I am so excited to do this, but I don't think I've ever been so nervous! 

So we shall elucidate five myths and truths about investing in them.Myth 1: Distressed Properties Are Always Money PitsMost people think that distressed properties require major renovations, which wipe out profit returns.

They think it's unfair because they only shower once a week but can hear the upstairs neighbor showering twice daily.

yes thinking to buy a multifamily with 5% down with the intention to live in one of the units

Once application is finished you can run credit, background and eviction report for $15 your cost, or charge tenant I think it's $35.