The biggest hazard is generally the insulation falling off and overheating and setting something on fire, or arcing because of insulation gone and having the same issue.

Make sure you have a bulletproof lease, treat the tenant fair but set expectations early on.  

Bit more paperwork, but you get paid twice.Flat Fee + Profit Split (Repair Funding): You cover the repairs, but you set a minimum fee (like $15K) to protect yourself.

One thing that DSCR is not really set up for is if the property is "Subject to" meaning not move in ready/live able.

Therefore, any strategic/investing where you have a solid plan to get most/all of your capital back would be my target for this type of capital.

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

The island is not that large so if you target a specific location you like Im sure it wont be too difficult to get to know the ins and outs.

I would suggest making sure that you are following a set format/style of house each time you flip to systemize it more2.

With $330/m in cash flow, unless you have sufficient reserves set aside those funds should remain as liquid as possible in the event of repairs or cap ex.