It seems the only affordable option I have is to find a SFH mother daughter which don’t come up very often and rent a portion out while I live in.

This is going to be a DSCR loan since I don’t have 2 years worth of history, but I do have a high 700’s credit score with zero debt.

Before I paid $800 for an apprasial I wanted to make sure they would lend without prior rental history. 

The type of info these agents will need are:1. copies of the existing policies2. loss history for the past 5 years for each property and your personal coverage.  3.

Regarding credit scores, it depends on the Class of the rental.Class A properties we typically want 680+, Class B 620+, Class C 560+.We'll also give applicants a 20 point exception if they have stable 2+ year employment and/or verifiable 2-year rental history. 

If a tenant communicates a TEMPORARY situation not of their own making and has a good payment history, I will often waive a late fee.

Most banks will not lend to an LLC that does not have well documented P/L history.

Even though we have a history of rental income at that property and a 2yr lease in place.

Verifying last 2 years of rental history very important!

Verifying last 2 years of rental history very important!