It helps I am an Accountant and have all my accounts sync in, with Work Papers for depreciation, asset basis, and use my monthly statements to get me the correct Interest and Principal amounts each month.I do this same thing for my clients and they really like being able to see how they are doing each month. 

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).

I wanted to share the financials after 3 years, and demonstrate what three years of real estate investing can achiev3 Bed/1 Ba Single Family Pro-Forma:Year 1 (2021)Income:Rent: $1,200.00Expenses:Mortgage: $509.95Taxes: $119.10Insurance: $43.84Cap Ex: $60Repairs/Maintenance: $60Vacancy: $60Monthly Cashflow:$347.11/mo or $4,165.32/yrYear 3 (2024)Income:Rent: $1,300.00Additional Pet Rent: $75Expenses:Mortgage: $509.95Taxes: $155.43Insurance: $53.03Cap Ex: $68.75Repairs/Maintenance: $68.75Vacancy: $58.75Monthly Cashflow:$450/mo or $5,400/yr (Total/Not 50/50 %)Total Equity: $37,473.88-Principal Equity: $7,959.62I have learned a lot about the systems needed in place to run a rental property, and how important picking the right tenant is. 

As pointed out, the loan fees and such are usually rolled into the loan meaning you are paying interest on more than just the principal of your home at that point. 

For non-Dutch interest products, the loan payment is based on the principal amount of the loan each month. 

I check the SEC, FINRA, ratings websites for inside information on the principals in the company.

Purchased a first lien note with a principal balance of $400,000 for $350,000, and a second lien note with a principal balance of $250,000 for $50,000.  

I have had to truly suck up my principal which has been hard and one day I might but starting out you know that it is just survival mode so you can afford to grow more and ten years in be able to be more picky if choose to change routes. 

This means that the principal balance of your loan is 78% of the original value of your home.

So I have been researching making an extra principal payment every year and how it will cut down your mortgage to between 21-23 years.