Personally, if I had the chance to do it again I would put down more money to knock off private mortgage insurance and increase my cash flow.

Here is a resource compilation list:RESOURCE COMPILATIONEducational ResourcesSeveney Mortgage Note InvestmentsWebsites which are online marketplaces - https://www.youtube.com/watch?

When you refinance, banks look at your property's value, not your personal credit.

House hacking will also give you some personal "property management" experience.

I'm new to trying to be a good landlord, friend, and person.

I personally wish I could go back in time and do some house hacking! 

What I'm trying to say is that I recommed giving us more details or if you don't want to put personal info on the internet find a in-person tax professional or accountant who is familiar with rental property taxation to determine your eligibility for deducting rental losses and ensure that you're compliant with tax regulations.

Was looking at DSCR so it was easier than compiling so much info on our personal finances. 

Hudson really an investors challenge is determining if how much cashflow they want vs cash.The inherited house demonstrates this:1) You didn't mention the mortgage PITI, but assuming it's low, you should cashflow well and even more if you have tenants pay the mortgage off over time.2) You could also do a cashout refinance, up to an amount that allows the rent to comfortably cover, and use the cash for further investments or personal use. 

I checked online and I did not find any standards/rules.The lady in the unit 2 facing the construction is working in the office most of the week and she pays a rent of $ 2750 per month;  we agree for a $ 300 rebate when we signed the lease few months ago.