The property currently cashflows about $150/mo. although with some unforeseen plumbing repairs and a new HVAC it has yet to yield true cashflow.

Plumbing in place for bathrooms or kitchenettes. 

My current plan was to pursue the BRRRR method and just hang onto the profit from my current home.However, after watching the market from afar.

We were assuming we’d have to go the commercial route but this DSCR method does sound fascinating!

My goal going forward is to invest in small multifamily properties in central Florida through the BRRRR (Buy,Rehab,Rent,Refinance,Repeat) Method.

However, your home inspector should be able to call out any problems they see with plumbing, electrical and even roofing.

We bought it because it also has a 1000 sq. ft external garage that has a split HVAC unit in it and used to have plumbing maintained in it. 

A really basic method is to just jump on Zillow, choose an area/neighborhood, take note of the average price to rent say a 2-3 bedroom house, or whatever your criteria are.

It's called the BRRRR method.

I've seen habitual dumpster abusers drive up to our dumpsters, see the newly hung sign, and drive away without dumping....More so than catching the thief, we would rather they not try to steal from us.... of course our methods and no methods are perfect.... but they seem to have been fairly effective....