To summerize, a DSCR loan, aka lite doc or business purpose loan, uses the rents you receive on the property and divided by the new loan PITI to receive a ratio.

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After talking things through with the boss "wife" I finally received the okay to invest into real estate.

I plan on getting the text message when they are.

It looks like you've already received some stellar advice here on Bigger Pockets.

Also, this would only remove the mortgage debt itself from your DTI if it was to work; you would still be hit with a liability for the annual taxes, insurance, and HOA fees (but also receive the benefit of the rental income).

Although I haven’t received an acceptance yet, I’ve been actively sending out LOIs to property owners.I’m aiming high with my first acquisition because I’ve heard many investors wish they had gone larger at the start.

I found a seller who is motivated to sell his property at a pretty steep discount.My plan is to put the property in escrow on an executory contract/land contract with the condition that the title will transfer once the seller receives his funds.

My late wife and I held joint interests in a piece of real estate in our separate individual self directed 401k accounts. Hers was a partial interest (8% of total ownership) in the property within her self directed 40...

Quote from @Paul Azad: Quote from @David Pike: I just received an email this morning about Fund 2 with an update on first quarter performance.