The appraiser will do a 1007 to determine the market rent and the lender will use that figure to calculate the Debt Service Coverage Ratio.

It depends on what your debt-to-income ratio is and what you can qualify for.

I know its expensive but you will be well protected :)Or you save a lot of money and be better protected by doing this consistently and well:-carry appropriate types and amounts of insurance-sign contracts with indemnification provisions- obtain all necessary licenses and permits to operate your business-ensure all vendors/contractors are licensed and insured and list you as additional insured-sign well drafted and fair leases and be a responsive landlord -be an active owner or hire an active PM  who avoids or at worse timely eliminates premises liability exposure The strategies you often read about are sold by alarmist asset protection companies who fail to disclose how impractical they are.

Dave Ramsey books can help people get out of debt, if that's the case, but you'll have to graduate beyond his recommendations otherwise you'll be debt free but not wealthy.

obviously it would have to be no income verification lender. i understand that the interest rate might very well be higher. i have good credit and an impeccable payment history. im looking to consolidate and pay off debts other than the property. much thanks in advance 

You know they will want to add more bedrooms to your house by eliminating the dining room and any den or other similar space and turning it into more bedrooms, right? 

Investors thought they could extend their debt, but that doesn't appear to be the case with what has happened to rates.This cycle would have been a disaster if our banking system was in the same situation as 08. 

I have 0 debt, and a 770 personal credit score.

In a real estate borrowing context it's most commonly used in construction and bridge debt originated by banks.  

If they hit their numbers they would be leaving hundreds of thousands of dollars on the table by financing with equity instead of debt.