These loans are underwritten to the property's income (they're qualified based on the debt service coverage ratio (which is gross rent / PITI)) and your personal income/DTI do not come into play.

It's been my experience that for the purpose of calculating DTI the bank is going to take 70-75% of your gross rent and subtract PITI from that when calculating your net rental income.

Some parameters to help flesh out the question:Financial freedom : $20,000.00 gross per monthStrong work ethic : willing to put 20-30 hours per week into this (in addition to my full time day job)Location : Oklahoma City.

Gross rent multiplier of 142.

For your purposes, lets figure a bit conservative and go $1700 per side giving you $3,400 gross income per month pre-expenses.

All PMs charge 5% to 10% of the GROSS rent!!  

More commonly, landlords want 3x rent in gross, in this case annual earnings of about $35k.While this deal is too thin for my taste, it is just that, MY taste.  

The 14k extra you'll pay over the life of the insurance is far less than the gross earnings from even one rental, so if saving the 15% to put on another property results in one extra purchase, you earn your money back many times over in a 3-8yr. period. 

I am in a good equity position as the existing duplex sits now and have some cash to take a non owner occupied construction loan (I have 6-7% secured otherwise) From initial numbers I’m looking at 800-900 to build and after construction value of 1.3-1.4 with about $96,000 gross rents.

The general rule of thumb I've heard is to expect 1% of the purchase price in gross revenue, but Airdna suggests this property is almost 2%:501 s shore, surf city, nc 28445So, obviously $100k on a $575k property would be a deal, so I also paid the $40 for airdna's market specific data and there is a ton for that area, including a great comp a few houses down (same views/distance to beach).