The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

Florida's treatment of security deposits varies from many states in that it is required that a security deposit be kept in its own account in a Florida bank.

It's going to vary depending on your own income outside of investments, your age, your ultimate goals, whether you want/need the income to live off of, and all kinds of other considerations.

Fortunately, I don’t rely on the cash flow and it all just accumulates and I just continue to buy.

The information contained in this post is not to be relied upon.

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).

I'd have to guess that it varies from person to person.

After some bad experiences I have learnt not to rely on testimonials to make decisions. 

The information contained in this post is not to be relied upon.