More DSCR lenders do suburban STRs, but some can do rural as well, the best lender for you would really depend on the property details and your long term investing strategy.

Ideally I would like a minimal rehab project and am open to the larger Charlotte area (Gastonia, Rock Hill, etc).My ultimate goal is to master the BRRR strategy and build a long term rental portfolio.

In Virginia I would submit a suit for unlawful detainer to get a judgement against both the parents and the child (essentially an eviction).

I just dont think it's a great investment strategy.

So cash on cash returns are easily 50%+ i believe this is what Airbnb strategy used to be before pandemic inflation hit.

But, I would encourage you to also think strategically about how to maximize the "hack" part of the house hacking strategy.

I don't have much to add other than running numbers from a few different standpoints such as, realistic, and very conservative, to what seems like may be a stretch, I like it because you get a range of numbers and if none of them work, it answers a lot of questions, if some work you may have to do more research or be creative in other areas such as financing or strategy.

An interest rate cap is essentially an insurance policy on a floating interest rate loan.This caps/limits the maximum interest expense exposure for a borrower using a floating-rate loan.Lenders also benefit as they can require an interest rate cap at a rate threshold that helps ensure the borrower can service interest payments comfortably, limiting the risk of non-payment in a rising interest rate environment.Floating interest rate debt has 2 components:✔️ Benchmark Index✔️ SpreadBenchmark Index + Spread = Total Interest RateThe interest rate cap will set a maximum threshold for the index used.Let me know what questions you have about interest rate caps below!

I've been working my way through different institutions and this seems to be a strategy that isn't generally accepted if the loan is in excess of my DTI. 

I live in Northern VA and looked into investing in the Shenandoah area but the regulations didn’t fit the strategy