This is generally correct, DSCR loans do not look at all at your personal income.  

Financial freedom goes beyond simply replacing your current income—it's about sustaining your lifestyle for life.

I'll be 45 next month.option A) Kiyosaki Model: Don't sell and run either long term or short term rentals through it for a year to show income on the property than pull a $300k mortgage on it to build another house in the same neighborhood... repeatoption B)  Ramsey Model, Sell it for $600k.

With two rentals, you might consider QuickBooks Online Plus, which allows you to track income and expenses by class codes (ideal for separating each property’s income & expenses to assess profitability by property).

My goal is to leverage that equity for additional income.

My CPA says that I don't need to report the income any differently than I have been so this is a plus (less hassle). 

The lease would establish income, which can be used for loan qualification purposes.

My overall goal is have passive income while I am able to travel the world at ease. 

It will be an STR with no personal use  Background: high income W2 job, no primary home (ADU on family's land property, happy twith this) so can't get umbrella policy with most insurers as they want auto and homeowners for primary home before offering umbrella  Quotes from foremost and proper.

How long would it take for my STR income to pay for $70k in roof replacement?