I also have 401k with 4,500 which I estimate will be 7,000 by the end of the year.Fund 1: 24kFund 2: 180k401k: 7k Right now, I am a renter that pays 900 per month, with a stay at home wife with a child on the way.

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).

The world of commissions has changed lately and here in Texas they keep us on our toes by rolling out new contract forms monthly.

The new buyer puts down 10% as the option fee, ($50,000 fee to our buyer) in this case, and we make the rate 10% to the new buyer for the monthly payment. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

;-)I am starting to read books, audiobooks, and this site to builda basic understanding of RE investing in 3-6 months.

You enter it as a monthly expense. 

We make about 1200 a month, about 1000 is "profit" and we do use the income.

If I own a property with a 1k mortgage per month and it stays empty (or I'm trying to evict) for a couple of months then I'll be ok.

I have been listening to BiggerPockets for a couple of months now and have been doing my own research over the past several months as well.