Thanks in advance all!

the land bank they are talking about is city owned property they took back for non payment of tax's or liens etc.. its NOT Bank/lending institution you buy the land from the city land bank they may have special programs for locals that are looking for owner occ situations.. either way if you pay cash which is how most of that is sold if not all of it.. then your credit does not matter.

I wish I could point to an all in one system that could help, but they don't exist as far as I know.

Quote from @Andrew Steffens: All of my STR's are in my local market, and this is the only way I buy. 

I say all this to illustrate in the Minnesota market that these rules can be good starting points but you’ll need experience to understand how to apply the rules.

All you need is a single place to track tenant information, payment history, maintenance, and a few other things.

This question is asked a lot and there's a ton of value by just reading those previous conversations.In short, there are pros and cons to the program, all of which are well documented on the forums.

All roommates would be paying rent.

But, I'm going to need to do the networking myself to build partnerships with local vendors and source merchandise, and all they'd be responsible for is letting me know when it needs to be restocked. 

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 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).