So if the house is worth 300k and you owe 200k then most you could pull out would be 40k (minus costs) and it would be a second mortgage most likely which would be expensive. 7.5-9.5% likely.But, you can put as little as 15% down for a conventional loan on a single family.

Only at that point can an underwriter recognize it as an income producing property. that's for some lender ; for other lender they can use appraisal opinion.to reduce dti from primary you could also attach lease agreement and proof of income.

One of the benefits is that being on the loan can help build his credit, which will be valuable for his future financial goals.

@Alev G.Analyzing deals can be the most stressful part because of the assumptions that have to be made and there are so many unknowns that can change a deal from good to disaster. 

You can still get a 30 year fixed conventional DSCR loan for rental properties.

I can withdraw quite a bit from retirement accounts without penalty.

I'll shoot you a message and we can discuss some more!

@Amanda Nelson Hi Amanda, it’s true that an investor can assume a VA loan.

See if you can agree they move out prior to eviciton. 

Can it integrate with your bookkeeping software (like QuickBooks or a property management tool)?