We have one house that comes with no storage and no basement, I don't want to show it if they want storage and a basement , it is not worth the time but I don't want to discourage them if it is workable for them and they are a good candidate.

From what I have read it is still a workable market, but margins are slimmer so buying right is important (like always).

Its a workable business model, just have to factor in all the issues into the model.

Looking for some unbiased feedback on whether or not this approach is workable or too difficult for someone new to this whole process. 

Just as important as the the cabinets and pantry is workable space.

Quote from @Robin Simon: Yes - DSCR is going to be your best bet to scale (and not have to wait around for taxes / history for the current property).  8% and 2.85 points does seem a little steep however, market came back down a bit last week  Yes but not necessarily - sub-1.00x DSCR loans are still available and workable with a good, flexible lender. 

So they are open to finding a workable solution that achieves the following. 

No matter what your experience if you are honest with yourself about your level of confidence then this will give you workable estimates.

Or maybe he knows details about the property that will help you buy it at a workable price.How would you contact the seller anyway?

Hopefully will find something workable there.