Two out of the four have been renovated and are currently rented.House 1: Before purchase the tenant was paying $900/month.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Now DSCR loans are loans that are looking primarily at the asset to pay for the liability of the mortgage. 

From this, I start to see trends appear showing what features buyers are willing to pay a premium for and go from there. 

After taxes, insurance and capital reserves I think we'll be around 8%.

I have the full property tax exemption in Texas for my VA disability, but I'm trying to get clarity on the property tax exemption.

What you pay for it, how much you spend on it and how much you get for it.

If you are using their money for a down payment, are you really planning on renting it to them in a traditional sense or simply having them pay for the mortgage, insurance, taxes, etc (ie you won't be renting it at market value more you are buying the home for them and they are making all of the payments and repairs?

But my tax accountant said it should be considered as portfolio investment income, not passive income.

Pay that off then attack property number 2 and so forth.