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).

If you can get a loan and live roughly for free then I would if I planned to stay in th community.  

Already planning to come back in September or sooner.

Me and a few folks I met at a mastermind group all went in on a joint account a few years back so we could save money. 

Has anything been planned yet? 

A good real estate agent who understands investment properties, a lender who works with investors, a solid contractor, and a property inspector can save you a ton of headaches down the line.

What adds complexity to our plan, is that we live in Minnesota.

By understanding the costs you may encounter upfront, you can take control of the process.Here are just a few things experts say you should be thinking about as you plan ahead.1.

Right now, I’m actively learning and planning to start my first projects this year.

Other then that you can sit tight and let your primary appreciate, save more and explore pulling a HELOC to tap into it.