Generally there is consensus that DSCR Lenders can only offer a 1% prepayment penalty for up to 3 years in MI, but some lenders have recently reportedly been flaunting this rule - I would just tread carefully here in this area, generally not advisable to get potentially tangled up in a flawed legal doc with a non-sophisticated or fly by night lender

Yes the tenant could have done things differently, but just as a manager is responsible for the people under them and their actions, same applies to you as the landlord.

I don't think there is a hard and fast occupancy rule for VA because you get a VA allotment.

While it doesn't meet the 1% rule it's in a stable, desirable area that'll perform more consistently for you over time so it's worth the tradeoff in my opinion.

Also, achieving the 2 percent rule in my local market is near impossible but could be achievable elsewhere.Thoughts?

Hi Sarah, i went to petscreening.com but it seems to only apply for property management companies, I'm a small individual landlord, do you know what proof i can ask from tenants?

There are some restrictions so I would encourage you to look into it to see if eligibility applies.

If I go by the 1% percent rule a home that cost 200k would have to gross 2k in rent, Homes I've seen typically rent for 1450 - 1550 max. 

That's the general rule.

Once you have REPS the distinction between passive income (or losses) and active income (W2) disappears and all those tax losses you have been banking can be applied to the W2.Good luck