Additionally, checking local listings on Zillow or Craigslist can help fine-tune the rental rates in that specific area.

If you see someone violating the rules, create a post with "@moderators," and we will receive a notification and respond.Again, welcome to BiggerPockets, and happy investing!

It must be so frustrating to receive advice over and over again about being frugal and paying off debt when it wasn’t what you were asking for.

It's a good touch point and I follow up to make sure they received it. 

I just received an application from someone who meets the income requirement (3x rent) but not the credit rating requirement.

For others to decide to not use it, that's fine but it's foolish to say it has no value as many thousands of investors utilize it all the time.

Purchase price: $120,000 Cash invested: $40,000 Sale price: $215,000 Probate deal.Beautiful 4bd, 4ba acquired from a family looking to sell the home after receiving through an estate.

Also, I have dealt with 6+ Chicago evictions in one building lolI have learned that if I take all these rough experiences as a badge of honor and share them like you are, each one only makes me more equipped to be a better investor.The education & experience received in 1.5 years takes some investors 10 years! 

I was told when we met at the property that I would receive monetary compensation.

If you don't provide the information that's fine, but it would be a transparent answer.There are hard money lenders who underwrite to DSCR standards with their own rules, and commercial loans with use DSCR in various  applications.