How much equity do you have? 

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

You'll definitely need more time to get things processed.

I agree, you need to confirm this with the city.

You'll find everything you need to get started in the forums.

On the contrary, hoping to get any of them shot down if they need to be, so I can learn from it.Anyone that finds any other hole, please don't hesitate to chime in.Thanks again to all. 

Quote from @Amol Kulkarni: HelloI have 3 doors that need to be managed in Jax and Citrus Spring.

I think the important takeaway is that you need to know what's going on in your local market.

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).

At one time, I told people to spend money on a skip trace so they could file the in personam QT lawsuit (the one where you can served lawsuit papers on all defendants) and avoid the expense of the in rem QT lawsuit (the one where you need a GAL).