The leverage is a little lower and rates may change, but a DSCR is still possible provided you qualify.

This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.Generally, being an employee in a real estate business does not automatically qualify you for REPS unless you own at least 5% of the employer.

Down payment can be higher than primary, but the good thing is that you won't need that much income to qualify because lenders can you 75% of the market rents for the units of the property.

You can use that income to reduce your DTI and be able to qualify for a higher mortgage, if necessary.  

As long as you're able to qualify for conventional loans, this will likely be your best option.

If the remedy was designed by a qualified professional, the work carried out be an experienced contractor, the work was permitted and inspected by the town, then the value reduction would be zero.

@Matthew Kauk I think the question you are asking is how can I qualify to offset non-passive income (e.g.

@Elani Sevilla, just because you do not have a W2 job, does not mean that you will have a hard time qualifying for a loan.

2) Am I right in understanding that you can qualify a project by setting aside 20% of the units to be rented to people earning less than 50% of the AMI? 

You will need to make sure you can qualify for the $200,000+ loan.