For example, if the property you are buying is a development property, like a small house with a large lot in a developing area, then a small negative cash flow could be okay if you can carry it.

Quote from @Carrie Young: Has anyone had an update?

Quote from @Tekoa Glover: I want to know if I am entitled to a denial letter if I am denied a DSCR loan.

It will include an approval letter from the IRS.

I would ask...Are carrying costs a problem moving forward?

I also looked through the monthly letters that he's sending with the updates and they are basically the same (March & Feb are identical).

Provided you are sticking to the letter and spirity of your rental agreement, you have to set boundaries People that get indignant over you setting boundaries are not worth worried about. 

This means I get a ton of applications but Zillow also makes it easy to deny and sends them the denial letter which is fantastic in my opinion.

Send written letters, nice stationary, handwritten envelope, explaining why you selected his property and what your vision is for it.

Some banks can spread your funds around to multiple banks if you carry a balance over $250k and want to have all the necessary FDIC insurance…merry Christmas!