I'm a 33-year-old software engineer residing in the New York long island area.

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).

I have a duplex near a Mini Mart gas station and people are constantly throwing their trash on my property.

Purchase price: $10,000 Cash invested: $32,000This was originally a two bedroom house upstairs with kitchen dining room living room and a bathroom downstairs with like a mud room for say.

Great to have you here Ivan!

If you're co-mingling your finances, you will have negated any liability protection a proper corporate entity structure could provide.

What thoughts does everyone have regarding buying a long term rental in a new build neighborhood?

Hi Artiom, I have a few S8 tenants in Detroit, but most of my tenants are "cash paying".I'd start by searching the forums here for "section 8" related threads.

I would be more than happy to have a voice to voice conversation as well to if you would like.Thanks,Scott Suryan

I've been very lucky to not have to replace a roof or HVAC yet!!!