I suspect if someone contests could be longer.I also think once you go to mediation this will get worked out pretty quick mediators if you get a good one do a nice job putting these deals together..

I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.

That can be tough when it's a one-off job or you only have one rental.

Plan to make some tenant improvements to push rents closer to market rate for the area.

Get 3 jobs...if you work 8-5pm pick up OT or an evening job, and a weekend job. 

Has good job at a local factory & recently started school to become a welder. 

That will likely be one of the side effects of improving your property and should be accounted for in your analysis.

There is strong rental demand because of growing population, job market, and the booming tech scene. 

My gut feeling and research is telling me the sellers did a poor job on the breaker panel and wiring.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.