The location is also super important to know if it's in an amenity area, Rural area, suburbs.

I think relationships with the owners are very important as well - the more you can developed a relationship with current owners the more likely they are to "help" a newer investor as they feel (in part) like they are paying it forward.

This doesn't even include the land loan...which was almost as difficult to find too.Basically, we want to add another tiny house to the lot, and refinance the entire package in a commercial-style valuation.

Just include it as a term of any offer you make to have the seller pay your brokers commission. 

Mortgage, including insurance, escrow etc. is $589.

It covers a wide range of topics including finding potential properties, financing deals, and managing tenants.

We don't want to move out of Los Angeles as our friends and (more importantly) our careers are here. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

I think it is important to note it is also what your expectations and goals are. 

I would like to use a PMS to automate most important booking platforms, price labs, etc.