I'm personally not a fan of 3/1s for MTR.

If you have a $5k judgement, and you can get a guaranteed grand or two from an agency, that's not a bad deal *and* you have the satisfaction of knowing they will hound this person from here to eternity.  

I don’t plan to use the MIL for personal use. 

It might make more sense to own the property and lease it out to an organization that does it and you could do a percentage lease rather than a flat monthly fee.It isn't for me but I'm more of a passive person.

An exception may be someone with a VERY strong personal financial statement. 

The fee gets you listing maintenance, a professional person available around the clock to communicate with your guests and monthly/end of year reporting.

I just got back from deployment about a month ago and have focused a lot of my spare time on catching up on personal matters and setting up my business.

I have nothing against smokers personally, but do not want that smell to be imprinted on my property, long after they are gone. 

Are you a person who can connect and teach starters ?

If you have difficulty showing income or have a high DTI ratio, DSCR loans are a great way to finance an investment property without having to show your personal income.