Hi Alexander, On a full documentation loan, lenders will allow up to a 95% combined loan to value on a primary residence assuming income is strong enough to support your debt to income ratio and reserve requirements are met. 

I come from a jurisdiction where you claim can be declined if you fail to show proof of tenant screening documentation especially for property damage by the tenant. 

You should be able to pay it from LLC and document as 'expenses' for the LLC.

If there is no more than a 20% variance you may have a case to use the higher of the two as long as you can document two months of monthly rent. 4.

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

Just make sure the trust documents and his will say so.

I don't believe a DSCR lender would transfer the obligation to a new borrower but please correct me if I am wrong..In general, it will be be a full income verification or full documentation application with the current lender directly and no other mortgage professional would be involved.

I will list his known assets at the bottom.Here are my two questions: If the documents I sign show him as personally guaranteeing the loan (specific language below).

And you can then use the foundational and operational documents of this LLC to guide your project.2.

Exactly what I am looking for right now...is one video/one 1, 2, 3, 4, 5 page document to walk me step by step to close a first deal.