you say youre in central coast maine, is that a specific city or a region? 

So the main advantage of a DSCR in this case is just the fixed rate? 

I think the main thing would be access to the books to make sure of the expenses.

Its certainly not "guaranteed return" - thats a word to always stay away from in real estate (in finance or even investing in general)high level - its because HMLs are going to be secured by the real estate, meaning in event of default, the lender can get the property to be made whole - somewhat trust is involved, but thats the main mechanism behind it

Here are some basic facts:Initial cash invested: $120kYear 1 Cash Flow: $12.3kYear 2 Cash Flow: $8.6kYear 3 Cash Flow (YTD, 3 months left in year): -$4.5kCurrent equity estimate (net of expected selling costs): $102KMortgage rates at or below 3.75%CapEx uncertainty: HVACs will likely require replacement within the next 5 years and one of the  roofs is nearing 20 years old.Market is the Huntsville, AL area.Underwriting hurdle when acquiring these properties was 10% CoC return annually.With a 10% CoC return after Year 1, I felt good about this investment.

A few of us work in that area of Maine.

Plex has some rough areas but mine are on the main road full of apartments for students.  

I think your last point about starting near infrastructure and moving backwards is very interesting.How much value do you put on a property being on a main vs side street?

Developing and project management is all about Hurdles. 

That seems to be the main reason he left.