They are a fairly new outfit but seem to have a good product offering and have been responsive thus far.

Sit down with a few loan officers and see what they have to offer. 

https://www.biggerpockets.com/forums/95/topics/1187053-insur...Search on these forums specific to area

I attempted flips in the Indianapolis area, made offers, but they didn't work out.

I would also want to make sure that either short term or long term rents can support the full morgage payment, since there is not a DSCR specific program geared to mid-term rentals yet. 

Specifically, we're exploring whether constructing a duplex and triplex or two duplexes would be the most profitable option.

@Derek Morrison I list “typical qualifications” in my rental listing then have a specific email response to inquiries that again lists my “typical qualifications,” along with an attached application form, that if they meet those, they can request appt x day for 20-minute time slot, and I only accept applications after meeting them at the appointment.

What was your DOM before you accepted this offer? 

A trust may offer some of the same benefits as an LLC, depending on your goals, and allowing you to claim the part of the house you live in as homesteaded tax.Make sure you have the right home insurance and consider an umbrella policy for extra protection.Certainly buying a house, using conventional financing with limited money down as a primary residence and renting out parts of the house to help pay the mortgage, is a smart financial move.

This kind of thing is reason #42 I only offer MTM leases.