I stopped charging pet rent, or deposits, I just raise the heck out of normal damage deposit if I sense a animal is coming. 

If you do the math, since your borrower is paying interest on interest, it raises your effective interest rate by about a point.

You would essentially be working 50-60 hour weeks when combining with your full-time job and the real estate to qualify.If you have a detailed and accurate hours log, it is possible but just note that it may raise scrutiny by the IRS.

We have offered to allow her to pay a reduced rent for the first few months as well but I am worried that may create some sort of limit on how much we can raise the rent on her in the future.

Do you feel $100 is enough or should I raise it to $150 or even $200?

If they support a rent increase, you could look into raising your rents by that amount to offset the cost.

You've raised some excellent questions.

Exactly 1 year later my first tenant moved his family in where his kids and dog can play in the massive yard while raising 2 cows in the barn.

And, being 23, raised in this world, I really don't care about substance, I care about making that $ yo!

I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!