I have a friend who owns over 60 properties in different states.

Maybe it works differently for a commercial property, and that's why I am here looking for guidance.Really appreciate all the inputs!

totally hear you, pre 2021 in knoxville was a totally different ball game. again depending on your goals and strategies, your expectations aren't unrealistic. some deals may require more of an investment to make the numbers work like one of my student rentals that was a full gut project and took nearly a year to complete yet it spits out 15% cash on cash returns annually and i purchased that late 2022. investing in general is a risky endeavor, it's all relative to ones own risk tolerance depending on their position. we try and make calculated risks and look to evaluate multiple exits before pulling the trigger, yet there is still some risk involved. maybe a reit or syndication is the way to go if you want to be in real estate yet don't want to take on the properties yourself. either way i'm happy to make some local connections. 

You're correct on your positives and negatives, but I would have some doubt on the DSCR disqualification - there are different loan products based on different asset types + markets.

I want to start with single family homes/long term rental, but also willing to try different strategies such as renting by the room/mid term. 

Hello Laura, Different lenders might require different things here but most of the time if you can show the lender a signed one year lease agreement that will be sufficient.

You will meet people from different walks of life that will give you different perspectives on real estate investing.

There are many different ways our legal system abuses those who have insurance with ultra high limits. $1million in umbrella coverage stacked on top of the underlying liability coverage for the property is more than adequate. 

Reason for doing so is that because they base the risk off of worst case scenario under the idea that they would have to take over the property if you were to foreclose, how much of a difference is your lease between the market rent?

It frustrates me that landlords are held to a different standard than the supermarkets, gas stations, and cable companies.I guess the more diplomatic thing to do would be to issue a notice to vacate for a protracted date (90 days was mentioned) with no raise, and then part ways.