That means you would have to qualify based on your income and your debts.

Investment Info:Single-family residence buy & hold investment in Evergreen.

Sounds like this is more about your ability to qualify because of claiming depreciation.  

Investment Info:Single-family residence buy & hold investment.

@Archie BarrettJust wanted to say that there are MANY reasons to consider a DSCR loan vs a conventional loan, not ONLY if you do not qualify for a conventional loan due to DTI.Possible DSCR Benefits:Can do cash out refi prior to 1 year seasoning of the mortgageCan do cash out refi with no seasoning of ownership (with some lenders)Can do a loan with much less paperwork (this comes more into play every time you add a property)Can close on a DSCR loan directly in your LLCCan have your DSCR loan not report on credit (depending on the lender)DSCR loans can be cheaper than conventional loans for many credit scores and down payments.

With homeownership out of reach for many, renting is the only option, creating a housing crunch and insecurity for residents.

Or buy a fixer upper and work on renovating (valuable learning experience if damage not too extensive) during college years then sell and keep up to $250,000 tax free profit as your primary residence allows.

The coastline continues to grow and with towns like New London working  to build up their infrastructure to draw in more business and ultimately residences, it feels like the area is heading in the right direction overall.

Additionally, depreciation on the building (not the land) is a significant deduction, and if you manage the property from home, you may qualify for the home office deduction.

Investment Info:Single-family residence buy & hold investment in Aberdeen.