These focus less on personal income and more on your business cash flow or the projected rental income of the property.If you have a rehab project, you may want to start with a hard money loan and refinance into DSCR once you are done with the rehab. 

Really depends on what you're looking for, the nature of the project and again, location. 

I will say that some of the listing prices and projected rents seem high when comparing against my own research.

Congrats on the project.

PLUS, you'll gain landlord/property management experience and project management experience.All the best to you on your journey!

I'd start by seeing what pieces you already have lined up for building the project. 1.

If the property fails to meet our criteria, we're out of that money and must move on to the next project.

Learn how to acquire a property, manage the property, and manage projects.

Economic Timing.According to data compiled by Marcus & Millichap[2], the Portland area has experienced three very important trends since 2010:The average price per unit for apartments has nearly doubledThe rate of employment growth rose from 2010 to 2015 but has since declined steadily, projected to be up 1% for 2020 (estimated before COVID-19)Roughly 30,000 apartments have been built since 2010, with another 5,600 units slated for construction in 2020Most RHA members have enjoyed a solid decade of price growth, rent growth and steady occupancy.

I'm currently working on a project there and have shared my knowledge about the country here too.