I know it may sound as a BIAS from my side but I think this should NOT be legal to put covenant, see my logic here a builder build a whole community and one part of it is rentals the rest is single family, they put covenants and restrict the market to rent by room just to ensure they can rent their rentals that is a sort of monopolistic behavior and should not be legal.

I want to ensure I’m saving appropriately for a down payment and that the property will generate enough income to cover all related costs.Any insights or recommendations would be greatly appreciated.Thank you!

I'm absolutely not interested in leasing fast at all and I'm extremely picky about tenants and I do things like require a large security deposit (even for section 8 renters, I have three of them and love them), don't supply appliances, take my time doing background checks and arranging multiple calls/meetings with potential tenants. 

If the lender used your credit report as part of the decision, they should also include details about the credit reporting agency.It’s worth following up with the lender to formally request this denial letter and ensure they’re compliant.

Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

They have unsecured creditors of over 5 million dollars and secured creditors as either loans on properties and/or owners of properties.

This separation allows you to manage risks more effectively, ensuring your personal credit isn’t impacted by the ups and downs of your real estate ventures.Building business credit is more straightforward than most people think.

Don't be surprised if the insurance company has the family provide the security deposit.

Another option is exploring secondary market platforms like NotesDirect or Paperstac to streamline sales.Hurdles you might face include ensuring clear documentation, compliance with DSCR underwriting, and strong borrower credit profiles.

Either way, ensure you have reserves and run the numbers carefully to set yourself up for long-term success.Good luck!