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).

I personally spoke with the Florida Real Estate Commission in Orlando (FREC) and also Georgia's GREC a few months ago.

10% in a month?

New agents may struggle with periods of no income while waiting for deals to close.Solution: Budget wisely, build a financial cushion, and prepare for slow months.

Especially if it’s less than $1,000/months per property.

For the past month, I've been soaking up everything I can from the BiggerPockets podcast, and it's only fueled my excitement about real estate even more. 

If you don't have enough to invest locally can you increase your income and savings to be able to invest in 6 months or a year? 

Remember HML have a countdown clock and are only good for usually 12 months.

It just came out this month and will hit every question you have about that in my opinion.

I've spent the last 3 years nagging the city to sell me a lot next to my property so I can install a driveway and they've finally agreed.