In other words, there is no way to judge what an max offer would be, but I bet it wouldn't be any higher than the mid $300k's.

I don’tknow what generation you belong to but I’m going to bet it’s the entitled under generation.

The DSCR loan will likely be your best bet.

You could have the best possible rental ruined by poor management.  

Honestly, that's probably your best bet in this current competitive market.  

He mentioned Rich Dad Poor Dad.

That might be your best bet if you don't want the extra costs and management that come with owning those homes yourself. 

For reasons cited above, renting out an illegal (without city approval) unit in the basement with physical limitations, such as poor fire egress, is a fast way to the poor house, when you lose the property to fire, or the jail, if someone is injured or dies. 

One of the sellers has poor credit.

I purchased a house that was for a house hack knowing that it would have poor cash flow when moving out and even have some negative months, but I knew I could support it and it was in a prime location to appreciate.