POH homes can provide a huge lift in NOI depending on rental demographics and home maintenance costs. 

My company, 1031X, is a nationwide 1031 provider.

Hi Ayyoub-Great question and I am right up the road from you in Ann Arbor.Certainly, getting a conventional loan may provide slightly better rates than an investment loan like a DSCR loan.However, if you are buying income property you can use the income to qualify for the loan with a DSCR or Debt Service Coverage Ratio loan and not so much your personal finances like a conventional loan.Basically, you need three things.1.

While no one can predict the future with certainty, if rates are expected to rise significantly in the coming months, it might be wise to lock in the rate now to secure a lower rate. 

I also provide an emergency line so they can reach us if they require an immediate response.

They’ll provide more value.

My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.Specifically, I'm seeking advice on the following areas:Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management?

I would provide checkout instruction and checklist, offer a pre-move out inspection, and expect them out on the day that they indicated.  

And your lender didn't provide you with a closing cost estimate?

They can provide insights into whether locking in a new rate now could be advantageous or if other financial strategies could make holding the property more viable.Additionally, consider the overall financial picture, including your ability to cover the mortgage without the rental income covering all expenses.