DSCR loans typically have higher rates, pre-payment penalties, and may not let you pull as much money out as you would like because they will be based on 2 factors: the appraised value of the home and how well the rent coming in can cover the PITI payment each month (Principal , interest, tax, insurance). 

My wife and I are about to purchase our first property and have roughly $30-40k.My current plan or strategy:1.

Interest rates, insurance hikes, rise in real estate taxes, eviction delays, rising expenses and delinquency are just a few problems investors are encountering.

Your plan is to be worth nothing so if you get sued you only lose the property.

Just an rough example:  Let´s say you get 160k of your sale, you go out and get a note with 6-8% (which is more than doable) you look at a 800-1000 monthly cashflow, no tenants, toilets, property taxes, insurance etc.  

We own a primary residence and plan to stay here (house hacking is not for us), and have been saving scrupulously for the down payment of our first investment property, ideally a 2-4 unit multifamily. 

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

@Matthew Spiers, do you plan on keeping the property as a rental property or will you be selling it?

I’m coming up with: $4600 monthly rents$450 insurance $950 taxes $690 Cap ex, Maintenance and Vacancy 5% each $400 water/electric from current financials $130 landscaping from current Which leaves me right under $2000 for a mortgage payment just to break even, which is a purchase price of $375k with 25% down.

Yes you need a RE niche firm but tax prep without proactive year round tax planning is not very valuable.