If the bank prices their debt based on the fed rate you typically see WSJ Prime + 1%.

You can bypass the longer seasoning requirement with a debt service loan. 

I as a lender as part of settlement had our servicer unwind some negative reporting.As a sidenote I saw a post online somewhere else where someone who had an owner occupied home for several years relocated for work and teh servicer sent a letter telling them they are not in compliance with their loan because it must be owner occupied for the entirety of the loan even though the loan docs say one year....Again, servicer overstepping their bounds

@Keith Groshans, consider a real estate debt fund and reinvest the monthly dividends.

That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.

The cleanest route but the least attractive method for most investors is to have the investor provide debt.

Get on a budget, build your emergency fund, pay off all debts, save up.

.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

Also, you will likely only be able to use the rent to offset the mortgage pmt debt on the rental property to $0 since you dont have any Sched E history yet. 

does that mean they are getting the debt non recourse and you bring equity ?