The trashing of his credit threatened his job.

Relatively small amounts of interest income ($1600+ per year) is the highest taxed form of income I have found if you have kids at home.After earning a few grand in interest, It takes away my child tax credits and gives me an effective tax rate of 70%.   

. - There are very low management costs since the property has long term tenants that take care of their own repairs.

We only require a soft credit check as well. 

They don't ask for any documents just do a credit check and you fill out their application.

However, i want to address placing a tenant.My market has a low vacancy rate.  

I don't think he would allow someone that had to put the fee on a credit card.

There is an abnormally low amount of new construction occurring on the coast in comparison to the demand and the existing inventory can be quite dated, especially for those coming from areas like California.

I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.

House hack another property with a low down payment loan and use the remainder or the proceeds to either renovate or purchase another investment property?