I know this is extremely simplified but that's the generalize plan.27 $100k/year gross income and/or <15% DTI- Currently $65-75/year with a ~20% DTI - p.s.

Can someone simplify this for me please?

@Ethan CookeHere's a reeeeeeaaaaal simplified way to do it...Take this list of the top 100 real estate markets in 2017:http://research.realtor.com/2017-national-housing-forecast/And cross reference them with the top rental markets shown in this list:Increased appreciation and rent are usually indicators of high demand. 

The plan is aimed at simplifying the tax code, which is one of the pillars of the GOP (Less Regulation).

That is the very simplified version, but you get the point.

., I have simplified that right now I don't have rentals, and won't have one in the immediate future, so there's no point in worrying about that entity setup.

To continue using simplified round numbers, lets say $25,000 in holding costs (Realtor commissions, taxes, etc.) which leaves $50,000 profit.

It is true, rent credits, are viewed as an equity build up but that is over simplifying the actual idea.  

Real estate specific examples are rare most banks prefer simplified balance sheets that they can easily decipher and understand.  

“Back of the Envelope” Simplified NumbersInner City Condo Capital Invested: $60,000Rent: $1500Monthly Cash Flow: -$50 (the Inner City rental market in Calgary has taken a significant hit due to the current economic climate.