The property value must be a minimum of $250,000 USD, and the credit score requirement is at least 700 points, among other conditions.

Basically a pre-nup agreement.

Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

Review their management agreement.

This raises a question because we had a lease agreement on file showing a rental amount of $2,000 per month."

Quote from @Bob Dole: Quote from @Aaron Zimmerman: Quote from @Bob Dole: @Daniel Kazakos I think we're all in agreement on cost segregation.  

When we prepared the lease agreement, we were very explicit and essentially wrote it as a triple net.

That Profit number needs to be above our minimum threshold (which is large enough to handle any rehab oh $hits).I live in Phoenix but invest out of state.

Usually of the home requires major repairs it may require a HML "hard money loan" then you refinance in 6 months on the new ARV.DSCR is also not a great avenue for low loan amounts because all loans under $125K will take a rate hit and the minimums are usually $125k after down payment with some going down to $100K Min.

Additionally, be sure to have an accurate ledger and your signed lease agreement.