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).

@Kareem DanielsJoin a local real estate investors association and network to find a mentor. 

Nothing more needs to be done.Some MLS systems require the signed withdrawal or you can get fined as an agent.The MLS where he is talking about has zero power over this.He is using a form of the association of which Im the President-Elect.

Hey Daniel,A great way to start connecting with other investors is by attending RE events and joining a local investors association.

In addition to running the "Illinois Real Estate Investors Association", I manage a mobile home park in Belleville, IL.

A majority of our MTR tenants are traveling healthcare professionals, many of whom are associated with Aya Healthcare. 

I hear appraisals associated with ADUs regularly in southern Ca and they are typically less than 50% of hands off cost.  

A great way to start is by attending RE events and joining a local investors association.

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).

Hi Jake-Thanks for the advice- I currently keep photos of all recipets and have updated excel sheets with all costs associated to each property.Organized for now - but as I make moves to scale a bit I probably could use a CPA who knows real estate finance.Respectfully