What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Most of my renters are nurses, engineers, and tax payer funded employees (Government workers). 

am working with them now and had the first policy (with Spinnaker) cancelled for nonpayment/late payment so we rewrote another policy (with Millenial) and having the same payment problem again but at least they are communicating that cancellation is coming. they want me to pay by credit card over the phone so the payment wont be late and cancelled again. but when i go to mycoverageinfo.com to check on status it shows its been paid.

Yes, that’s another credit union only asking for 10% down with no pmi.

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

A rent payment isn't enough to cover the DSCR payment, HELOC payment, tax, insurance, and maintenance.

Thanks again for your input, and I'll probably reach out as I get further along in the process.Hi @Edward Zachary Samperio, the regulations aren't that difficult and I'd be happy to give you a quick rundown about the density limits, hotel occupancy taxes, permitting, etc.

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)

@Justin FondrenIf your credit score is in the 700–730 range, you're in a great position to secure favorable loan terms.