DSCR Loan (10% Down Possible)Debt-Service Coverage Ratio (DSCR) loans are based on the rental income, not your personal income.Some lenders allow 10% down, though 15-20% is more common.6.

If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.

Are they going to start paying down that credit card debt, turn over a new leaf, and avoid bankruptcy for the next decade? 

He has owned it for over 30 years and has no debt, so seller financing is possible and he doesn't need a large amount of cash soon. 4 of the 6 units have been recently updated. 

Key Check gave me credit and debt load, which was surprising, as most other methods people don't share.

My sacrifice… no haircuts and no fast food. 1 job full time, 1 full time side hustle. 0 debt at the time other than student loans.

Quote from @Kevin Sobilo:Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45% Obviously I made a typo.

The cleanest route but the least attractive method for most investors is to have the investor provide debt.

Get on a budget, build your emergency fund, pay off all debts, save up.

Many of the investors I know have dialed back on their private equity investment or have changed to doing debt instead of equity so it was not prime time.