There are still some good opportunities if you are willing to buy an ugly duck and do cosmetic work to get it up to market rental rates. 

You'll probably have to go into a secondary market with a higher interest rate. 4.

I think most likely we will get a home buyer because with the current rates it would be much harder to make profit. 

Keep an eye on rates as if rates fall you can renogotiate the rate if interest rates fall enough. 

DSCR only requires that the rents be equal to or greater than the PITI payment or the ITI payment if you go I/O interest only.You can use DSCR for a cash out refinance, Purchase and even a "Rate and term" which is when you want a lower rate or get out of a HML - Hard Money Loan, Balloon payment, Adjustable rate getting ready to expire/adjust (Recast).

Hey Andrew, conventional loans offer lower interest rates but they require 20% down payment.

I need to research all 4 and compare fees, interest rates, and tax benefits. 

Would you rather pay a highrt monthly PM rate and have no added on fees?

Mostly hype and VERY little substance, I was quite disappointed to find their rates and terms are a lot worse than what I already accomplish as a money broker. 

Seems that inventory is very low, property prices and interest rates are very high.