But, I’m struggling to land a deal, mostly because most deals are pushing thresholds on all metrics (e.g. 1%rule, CapRate >7%, DSCR =>1.25, etc.).

John I wanted to reply to your comment but ended up creating a new comment under the post, hahah!

I have found that each different section doesn't really talk to each other and don't know the rules around lending for different kinds of loans.

I thought about this, and not sure if legal so check rules.

I posted only once so far offering to find someone off market properties here in San Antonio, however that comment was removed because I didn't read the rules and realize that type of comment is supposed to be in the classfieds section.I've learned a lot so far and I hope to add some value to the REI community here at BP.

In either case if you buy one that needs a little work you should be able to create some quick equity. 

A “rule of thumb” that I’ve used before is 1.25% - 1.5% of purchase price.

I have a tenant already in place and their old lease is expiring soon. It is a single family home that my father left after he passed. Currently, i have thought of hiring a lawyer to draft a lease, but it seems they m...

All of this information has been greatly helpful in my creating a plan.

Use your corrected Attorney created written application to allow you to ask their bank for the overdraft & daily balance history.