Quote from @Derrick E.: To answer one of your questions, I doubt you will ever find someone willing to give a loan in 2nd position on an investment property. 

I am a Broker in California though and still on the Oregon DRE s  e mail mailing list I like to stay up on current laws since we are home builders in the Portland Metro market..

However, if you filed your rental income under schedule E, then lenders will have to use your the rental calc based on how you filed your schedule E.

There is a lot you need to know to be a successful investor and landlord and while nothing beats doing it -  as the best way to learn - you really need to have a good understanding of the fundamentals and the ins and outs.

I had a few tenants e-sign 6 documents with multiple pages in a couple minutes and realized they did not read any of it! 

With a strong desire to learn, I’m focused on acquiring the skills needed to make strategic investments and build generational wealth through real estate.I’m is eager to dive into the fundamentals of the industry, from property evaluation to cash flow management, and is excited to learn from the experienced mentors and peers.Welcome to the community!

It’s not for distressed assets or owners in financial trouble—it’s for properties where the fundamentals already work, and the owner is looking for a way to expand, reinvest, or access liquidity without the time spent for loans or getting a full sale made.

All the fine print came in subsequent e-mails.

Starting small with solid fundamentals and not waiting for the "perfect" deal was key to getting started.

For sure PG&E requires this for gas and electric, and I think most jurisdictions require it for water and sewer as well.