This will give you an idea of where you can be priced at with factual data rather than guessing a 3%. 3% could be sufficient but the data will help you be confident in your decision. 

If your stream free, you SHOULD be able to sleep at night :Wink:Ok thats very basics, off the top of my head.

You will always have taxes and insurance and maintenance and capex anyway, so how much better will you sleep because you eliminated one of those expenses?

So, if the co-signer owns real estate that is usually sufficient.

I met with three different realtors and finally decided on what is essentially a large studio with sunken living room and a loft with ladder steps up to it so it could possibly sleep six if I purchase a pullout couch. 

One or two yes, but 5 foster kids...where are they all going to sleep? 

Are they "roughing it" and bringing sleeping bags?

We think it’s important as it allows us to check for Non-Sufficient Funds (NSF) issues and to determine if an applicant is living paycheck-to-paycheck.

With that being said, there are creative ways to scale SFH or MF home rental still sufficiently. happy to connect and strategize if you have any DSCR or investment-specific Q's.

Someone might bail on a HML secured by a vacant flip gone south, but they are less likely to bail when it's the home the investor's kids sleep in at night.