Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

Additionally, Fannie Mae and Freddie Mac will sometimes temporarily suspend the income cap on their HomeReady and HomePossible programs, which allow purchases with 3% down.

My last note would be to try to buy 3 or less replacement properties, it makes the exchange much easier and you avoid some additional rules.

Majority of the houses are old and require frequent repairs in addition to a poor tenant base that can't pay on time and don't care about their credit.

Conclusion: Don´t give your credit card infos for "free" products!!!

Or even a contractor that does large additions and then move towards ground-up stuff.

I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.

Are there any additional considerations?

These are professionals with additional training and a stricter code of ethics.

Mostly from a home equity line of credit.