Rent needs to be > 1% of the purchase price, it's usually still not good even when this is met though, this just tells me when to dig deeper on somethingYou should look into PadSplit, I live in one right nowGood luck! 

I may also consider it for short-term rentals provided it its easier to manage, I live about a 3-hour drive from the property.What are your thoughts/opinions?

This is what hard money lenders do for a living and they have people and systems.

However, I would strongly suggest you do not extend $125,000 here.

Preferably Small Group home without me living in home. 

I went from two live-in flips and a four plex to a 30-unit and the 30-unit was significantly easier to renovate, raise rents, and manage.

We live in Los Angeles county but buying anything here is crazy expensive and rent control limits any ability to profit anything. 

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

But we do live a pretty thrifty lifestyle. 2001 ford truck for me and 2010 Pilot for the Mrs.

The Cancellation FormThe cancellation form provides a breakdown of exactly what monies Holton-Wise is sending to you & gets it in writing that we are no longer holding any of your money or money of any of the tenants who live in your properties.