To add a 4th point if you will, more like point "3a" (it's kinda closely tied to your 3rd point), if the Buyer ever wanted to sell, the Buyer would be "locked in" to that deal for at least a decade or until the house was "above water".  

But Generally, most lenders will want to see that the lease or market rent can support the mortgage payment, the borrower does not intent to live in the property, the borrower has 20% down + closing costs, 6 months reserves, and credit is above 620. 

(Currently own a 4 unit rental and 8 acres planned for development in the near future).I have just received my closing disclosure and boy is it ugly.

I am a new landlord in my mid-twenties who just closed on a duplex in Ferndale (an area of metro Detroit) in early April.

That said, we don't need to be next to family but being somewhat close by has advantages so those places are favored somewhat.The strategy is to buy, househack a value-add multifamily for 2 years then rinse and repeat until we can build up enough capital to either start developing, move to larger multifamily or the wife wants to start a senior care facility. 

A low-cost way to do it would be to paint the walls, the garage door, and close off any access to utilities.

DSCR Loans are going to be standalone 1st liens too (in addition to can't be used on a primary) - you should look into a HELOC or closed end second potentially

In addition, the buyer's closing agent may balk at it if they know you prepped it yourself or scrutinize it more closely. 2.

I see you're also in CA fairly close to Valencia, you do your SF deals in CA or OOS? 

Hey Account Closed, if you are really close to the university then you could look at student housing.It has it's own challenges of course, but can be a good way to keep full up.Students can be hard on properties, but they also don't demand much.