@Henry Lazerow I'd budget mid to high 7s for 75% cash out on a 4plex for the foreseeable future (remainder of the year)  My answer is in regards to DSCR loans only. 

On the other hand, a 25% cut is too high, considering what she does is what a broker should do; she doesn't provide me with any leads.

That land is directly in the path of growth with many local farmers in the area selling their land to developers putting in high density housing. 

One other thing to add- I would highly suggest making a rental verification part of your process.

I see that property prices remain relatively high but there is some softening.

As noted by Ben, I highly advise that you target single-family homes with in-law suites or additional living space that can be converted into a separate unit and sourced as an STR via Airbnb or on another short-term rental platform.

If a tenant is regularly late on payments, there is a very high probability that they will eventually stop paying or violate the lease in other ways that cost you far more than the late fees you see as "extra income."

The risk is very high when you are brand spanking new and you will definitely need to go through some transactions to get an idea of what you are doing. 

Hey @Dasha Taylor, I'm not currently looking to hire an acquisition associate.

Active Market High and/or consistent transaction volume.