Quote from @V.G Jason: I don't understand borrowing money to borrow money.Especially in this environment, why take that risk?

You are correct, it is common for DSCR lenders to require the borrower to be a business entity in Florida, and some other states sprinkled across the US.

Quote from @Beth Johnson: We pass all loan servicing charges through to the borrower including set-up fee, monthly fees, and any servicing charges such as payoff demand generation, and loan close out fees. 

But I can borrow money even though I show a negative income on my tax returns because of depreciation. 

When applying for loans, do not list your wife as the co borrower and vice versa.

I think this will correct itself over the next 3 - 5 years but it will make cashflow tight or negative until then.I have a great contact of a Realtor that works primarily with investors who has represented a few of my borrowers that I can share with you.

Borrow from others?

Research ways to use your education to help you qualify for a loan (did you know that some lenders allow college credits that translate directly to the line of work the graduate pursues to count towards work experience, accelerating the borrower's opportunity to get approved for a mortgage?). 

How much money do you have for a down payment for a new rental and how much can you borrow? 

I'm looking to borrow around $60k.