Are you thinking of investing in New York as well?

Also keep in mind that "source of income" is a protected class in Maryland.

DSCR stands for Debt Service Coverage Ratio, which is a calculation that determines if a loan's income covers its annual debt service. 

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

One mistake could extend the tenant's stay for months without any income, not to mention the stress it could cause.

No one can answer questions like this because the strategy depends on the investor's level of interest, financial framework, location, and many other factors.

Newbies show up to ask a question, but many (not all) of them only want to hear one thing.

Congrats$40k is kind of high. 

Some cities are now giving you money in the form of a loan to help build ADU's, which is great.

It really helps me with a real 'picture' of step by step events.You're welcome!