I require 650+ Credit, no violent crime or theft, 3X monthly income, and no prior evictions.

You fill out an application, provide proof of income, credit report, list assets, list liabilities, and so on.  

I wonder would the rental income cover the monthly interest payments on the crypto loan?

In Texas, there’s no state income tax on rental income, but LLCs have formation and annual fees.This post does not create a CPA-Client relationship.

I am a big fan of getting rid of consumer debt as it puts a constraint on your income and savings.

Can you be financially free, sure, consider if you are buying real estate you will no longer have stable income to get a loan.

It appears it's an income-producing property for investment.

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.

It can still qualify if it's a fixer-upper, as long as the rental income from the property can cover the debt service.

I've never heard of a lender that wouldn't count Section 8 payments as income.