@Jay Hinrichs, as Chris posted in another forum, let's just say it isn't just the students that are feeling it.  

Feel free to ask anything, anytime.Cheers!

I read it a lot of different places including on bigger pockets.

They are renting the entire house including the garage and yard. 

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).

Most of SoCal feels unaffordable to me so Im looking in Riverside or downtown Long Beach.

@Jordan Sachs I feel that $3000 is short money for an easy fix to the problem.

Quote from @Jaycee Greene: If you go the conventional/DSCR route, these are considered "Commercial" loans and the properties are referred to as "Non Owner-Occupied" and, as such, the cash flow of the property is most important, and your DTI is not generally included in the underwriting.

Houses that sustained fire events have long term consequences including structural damage and mold that results from water intrusion required to extinguish the fire.

Can the travel mileage incurred during this time be included as start-up expenses?