Unless the borrower is self employed and takes a lot of expenses to show lower income on their returns then it usually makes sense to pay a couple thousand a year in higher interest (you can pay like 4,000 a year in additional interest for DSCR if you are saving 30+k on your tax bill kind of math lol)

Hi Lina -- I'm based in Dallas but wouldn't know the laws for the city and county of Kyle, Texas.

Also, there may be some tax benefits if they can qualify for federal funding based on low income. 

I currently have a pre-tax retirement account with employer match and a Roth IRA invested in the stock market.

Got a question for the Jersey City hosts - I bought a single-family home recently and plan to rent out some rooms. The rooms to rent are ready and overall the house is in good condition.
However, due to a leak that...

@Ming Huang Based on the numbers you've shared, I would advise against the deal, unless you can negotiate the purchase price down and/or rent it for at least $1,150.

Consider the broader economic factors like local employment rates, schools, and public amenities, which can influence both demand and pricing.

@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.

I don't get the term "DSCR loan"   I mean all loans for 5+ units are based more on the property than the buyer.     

@Elias Halvorson the poster actually lives in another country.The pinned Cleveland, OH reference is just what they entered based upon this post:)