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).

Lender 1 doesn't require reserves. 

If mixed in with your deposits and reserve funds, you may accidentally spend money you shouldn't have.

Property taxes in Rowan County are generally reasonable, but confirm specific numbers and any potential HOA fees or maintenance costs.

We contacted Furnished Finder to confirm that there was nothing wrong with the listing.

If they don’t, they could be forced to rely on reserve funds or even increase dues to cover the shortfall until the homes are repaired or rebuilt.

But they know they need adequate reserves to sustain them if/when there is a lawsuit or eviction to cover lost rent, repairs, etc.

If I were you I would pay down my Debt, join your local real estate Club, learn how to search for deals and wholesale, and then start buying once you have built up enough cash Reserves

One thing to confirm is the interest deduction on the HELOC, primary V investment as it pertains to the next acquisition.

It’s best to consult a tax professional to confirm the specifics of these deductions.Also, paying fair market value for the home is crucial for documentation and avoiding any potential disputes with siblings.