Discuss what levels of debt you and your spouse will be comfortable with, as leverage can lose everything, including your home.

When you say a man in debt is a slave, are you referring to debt used for personal items, or are you including debt used to acquire income producing or capital appreciating assets also?  

I’m based in Austin, TX, but I’ve worked with real estate investors across North America, including a few from Canada including a few from Calgary.

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).

The repair work was estimated at over $10k, including foundation work, so I used the escape clause that their contract had in it.

Follow up:So does my personal track record - including putting my own personal cash (up to &90K in some SFH traditional finance purchases) not count as a performance track record?

You should be able to get a DSCR financing without including the PM fee in the calculation as well which would give you more leverage.

The full balance including all daily late fees and NSF Fees were paid just days later.

If separate, is GP taking the 20% split + their share as 10% LP or does 20% include their 10% equity (effectively equating to a 10% GP bump)Loan guarantor fee and dispo fee is a little higher than I have seen many other deals.  

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.