Banks often have very rigid requirements, such as high credit scores and a detailed financial history as well as lots of paperwork.Private Money Lenders: Faster and more flexible.

I do background checks on my tenants and only rent to people with 3x the income and credit scores over 700.

Quote from @Bruce Woodruff: Quote from @Jay Hinrichs: virtually every house we fund looks a version of this . 

These items will vary from DSCR Lender to DSCR Lender and can also be determined by things like your credit score, property type and its DSCR ratio, etc.  3% origination cost is very high for DSCR as well unless you are essentially "buying down" the interest rate quite a bit (trading fees for a much lower rate over the life of the loan)I have also been told by multiple people that I should create an LLC or Trust.

If that is what you are looking for.You have seen it now:It takes a good second to understand what's plotted in the scatter plot, but this is my version of that.

Hopefully we get the latest water bill version through the state assembly this time to improve this.   

The app gives immediate scores on what is a good deal and what may need more consideration to make it a good deal.

Also, your DTI can sometimes be more flexible depending on your credit score or reserves, so it’s worth asking the lender about that.If your DTI is still too high, try looking at ways to lower your monthly payments or increase your rental income.

Your property listing can also be a great way to lay out qualifying criteria (i.e credit score minimum, and require a co-signer if lower).After conducting due diligence into a particular tenants situation, and you decided to proceed with an application approval, you could require a higher security deposit. 

TIAErich  Erich - I would echo other's comments, but also point you in the direction of a Bigger Pocket book, "Estimating Rehab Costs" - It's a 2019 version, so the actual dollar amounts will need to be increased, but it can give you a good starting point for the process that you can refine/update over time.