While DSCR loans focus more on the property's cash flow than your personal income, most lenders will still require a personal guarantor to reduce their risk.Keep in mind that DSCR loans typically come with higher interest rates than conventional loans, which is the trade-off for the easier qualification process.

Idea is I could “trade-up” houses, get some trapped equity out of condo, and eventually keep this in my portfolio long-term, for a similar PITI.

(REPS)A real estate professional for tax purposes is someone who materially participates in real estate trades or businesses, spending more than 750 hours a year and over half of their working time on real estate activities.

Hi Jane--I'm a GC by trade who turned to flipping 3 years ago...Here is the skinny--it depends on these things. 

What was the outcome?

This post really helped me realize quality step to tryin to get the best outcome possible!

What are the few possible outcomes that can play out this coming Wednesday?

As a GC by trade, I have subs every week pushing to do more in a certain area saying 'You can just charge more for the house.' 

20% down conventional mortgage What was the outcome?

To qualify for REPS, the taxpayer must spend more than 750 hours per year in real estate trades or businesses in which they materially participate, and more than half of their total working hours must be spent in real estate activities.