I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

If you are also a PM I would look to see if there is a chapter of NARPM.If you are selling a service to PMs you might check to see if the local realtor association has an affiliate group you could join.

A property in a quiet residential neighborhood may face noise complaints, neighborhood associations pushing for enforcement, and hosts being targeted by complaint driven regulations.

Which ever city you go with I'd recommend looking into a local landlord association as they tend to have insider knowledge of all the rules and regulations.

Once you get comfortable with the labor costs and associated procedural steps and costs down then you can easily insert the finish specs into the equation. 

You should check out AZREIA (Arizona Real Estate Investors Association)!

Learning the market means getting familiar with the neighborhoods and rental and sale values, understanding local construction costs and permitting processes/timeframes, learning which vendors and lenders to associate with.

You can also be a Broker-Associate for a brokerage.

With such high interest associated with a longer loan, Bloomberg Intelligence forecasts that by year 10 out of 50, borrowers will have only paid about 4% of their principal balance.

I know there are different options like lawyer-approved leases from trade associations, property management software like TurboTenant, and legal document software like Nolo and DocDraft.