I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Try to put a bigger down payment in than you might need to give yourself some breathing room.2.

You don't need to own a home to qualify for umbrella insurance.3.

While I did spend about $15K on renovations, that amount doesn't need to be factored in for this discussion.

I have searchd the forums but couldn't find much about Boostly. 

Hi Kwanza,Bay Tek (650-204-1512) would be a great starting point, but I’d also recommend reaching out to Adler Builders (650-398-9030) and Mission Home Remodeling (415-855-7269) for comparable bids.In San Francisco, you’ll need a licensed General Contractor (GC) to pull the necessary permits.

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

Also deciding if you want one that needs work or is fixed already.

You would need a premium plan. 

JD your one K&T light circuit with an LED light is a much different scenario than a whole house still on K&T.