On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

Do DSCR loans qualify if purchasing through 1031 w/debt-carry-forward requirements?

Goal is to have credit cards that you do not use more than 10% of.

You can claim to be the best guy in the world at finding and analyzing deals, but when the market turns against you, and you just went all-in, even on the best relative opportunities that market had available at the time, there is nothing you can do to prevent losses, especially if your debt has a maturity date that will force your hand.Timing the market is an interesting concept. 

if his income is strong enough and not as much debt, he should be OKHope that helps..

Oregon doesn't have a card or other easy way to check.Laugh of the day...we had a client, who was a stripper, with a lizard she kept in her bra, until it escaped in our car.

Pay your vehicle loan, credit cards, etc because in 12 months all of the accounts you pay out of a business checking account will be omitted from your DTI in the future. 

The income doesn't really cover expenses plus debt service. 

Additionally, since my parents are nearing the retirement age, I'd like to prioritize low-debt, high-cashflow deals.

Or buy and force appreciation or buy and paydown debt with cash flow..