Do you have live meetings to ask questions to experts?

Many DSCR programs require an investor to have a mortgage history- there are some DSCR mortgage programs that will work with investors who are renting- some refer to them as first time home buyers (FTHBs)- DSCR loans are only for investment properties where the owner isn't living there. 

Everyone has their own room and a bathroom and they share common space such as living room, dining room and a kitchen and they are one the same lease.

Quote from @Michael Smythe: Would only recommend on a Class A property in a city with major housing shortage.Then you are likely to get solid white-collar tenants that understand the living arrangement.Otherwise, you'll get transient type tenants that will be nothing but trouble.This was what I was concerned about. 

Quote from @Ben Trageser: If you live in your short-term rental (STR) property in a future year after claiming depreciation, depreciation recapture does not occur immediately.

I don't think making this a nice remodel is going to help since you're likely not attracting the caliber tenants that's willing to pay more for something nicer... that tenant is looking to live in this area.Now, if you went the Section 8 route you might be able to push to the $1,300 - $1,400/mo range.

Are you looking to house hack by living in one unit and renting out the others?

Refi the house so they can continue to live in it, they will get the best loans on their primary residence.

I also live in Tomball and have a similar need for a CPA with heavy RE / investment income experience.Matthew

I currently live in Phoenix, AZ but I'm looking to purchase land and put two prefab homes on it with my business partner.