It is DSCR based and no personal tax returns are required to qualify.

It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

TheLoss of Rents is for the loss of Rental income if the tenants can not occupy the houseafter a covered loss.5.

It will also allow you to pull some cash out if you have the equity and for tax purposes.You can have two VA loans at the same time but having two means that the second home may not qualify for 100%. 

Bonus - the interest on the loan is tax deductible!

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

The guy is meeting the rental criteria income wise.

We are not focused on the passive income at this time as both working W2.Questions:1.

So I do currently have income from my rental properties, however it isnt enough to cover our current costs over here for the next 6 months.