So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.

I could give you the good, bad, and ugly of investing in Colorado as well as the good, bad, and ugly of investing out of state or in a syndication.

If you find something that works well as a short-term rental, but doesn't work well for you as a home, you'll have money but be dissatisfied when you live there.You don't even need it to produce a profit.

If you had also spend money on renovations and improvements while occupying those should have gone into service then as well. 

@Carlos C.Mark Kohler is well respected in the industry.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.

Yes, House Hacking seems like the most ideal option when considering my first investment (open to other forms of ownership, such as live-in flips as well).

For me, the permitting process with Delta went well.

Alabama - super low property tax but the rents are lower as well but all in all a good cash flow state.  

@Patrick Osterling similarly I come from a sales background as well.