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 actually ended up going through a big career change, and attended a 6-month bootcamp to learn Software Development after 7 years cooking professionally in fine-dining kitchens. 

It’s located in Midwest City Oklahoma, rent for this house works easily be $850/month.

By purchasing properties in high-demand urban areas such as Berlin, Munich, Hamburg, or near military installations, American investors can generate reliable monthly rental income.

So they are two months behind. 

It was high rent, low entry point area but within 6 months I dealt with an eviction and electrical issues.

To qualify for a loan, focus on having a credit score of at least 620 (or 580 for FHA loans), keeping your total monthly debt under 43% of your income, and saving enough for a down payment and closing costs—about 5-10% of the home's price in total.

I've been using Smarter Contact for 6 months now.

How much monthly discretionary income do you have?

In the meantime I would put the money in a low risk account gaining 4-5% which for $250k would be around $1k/month.