Remember that a rental is a long-term investment with additional financial benefits such as depreciation.

I manually looked at all of the listings in order to find and exclude homes with significant improvements.

The roof was redone in the last five years The ex (20% ownership) is willing to go with whatever is negotiated. 

There are many on here who can help you with DSCR loans.

The structure of the loan, which was primarily based on the property's rental income, provided us with the flexibility to reinvest the funds.

You can get a fourplex for about $500-$650,000 in a high quality part of the metro here with as little as $125,000 or so in equity/cash.

(I bought it for the land with intentions of removing the trailer and building tiny homes on it to air bnb) I understood that I was responsible for any back bills or liens associated with the properties, I was ok with that.

Hi Alfath,Are you suggesting that I should start with short term rentals first before I venture into buying land and building cabins Thanks

When buying, I let the seller run all over me with little asks here and there.

I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative.