With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.

Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs). 

Quote from @Sean Kirk: I'm seeing what seems to be 10%+ cap rates on roofstock.

Quote from @Frank Pyle: You can refinance with conventional but value of property for LTV purposes will be capped at purchase price plus documented upgrades for the first 12 months.  

LC already had a tight inventory due to an instituted CAP.

Capping the nightly rates to reasonable amounts with the pricing software allows us to balance both of these needs. 

At $5k/month with a 40% expense ratio, you're at a 21% cap..

At a high level, real estate will make you about 9-10% (a 6% cap rate plus 3-4% in appreciation). 

Hey Dominic, what kind of cap rates are you seeing in the plexes? 

For me >12 mo for long term cap gains.