I would use this strategy if it was going to be a short term timeline to replace the money by doing value add stuff that would allow you to put a conventional 30yr fixed product so you could pay back your tsp in less than a year.

We are extremely proud to launch our book The Self-Managing Landlord  and it's officially out!

It's still OOS but a short plane ride away. 

Not sure if you could rent a room for short periods or not, but it may be an option for your travel needs.

Historically, we are very well insulated from national market forces, although not immune.

We are kings of Detroit, Travis!

We are friends, but this is my investment so we are going to work together to keep it in good shape.

In places where we are seeing success is typically an investor who has secured a couple great cash flowing properties in the city and then gone after those houses in the more desirable areas to flip those properties.

The opposite way of this plan is to get to slow-grow neighborhoods and buy 3-5-8 SFH in cash or 50% hard money in areas like Macon, GA, or Savannah GA, and do BRRRR as well and diversify with 50% long-term rentals and 50% short-term rentals But really, the main idea is to make a smarter move with fewer movements along the way and get it safe as well. 

I think a short-term fix-and-flip loan would serve you better because, first, the credit requirements are typically lower than a DSCR loan's credit requirements, and fix-and-flip loans will fund a portion of the purchase price as well as some or all of the rehab costs (usually through the draw process).Right now, saving your cash, rebuilding your credit, and finding both a partner (ideally with a higher credit score AND experience) and lender you're comfortable with should be your priorities.