I have a single family home renting furnished for a very high amount for the area.

A company comes out twice a year and inspects the AC and replaces the filter (very important if in a high temperature area), inspects the plumbing and electrical, and provides feedback regarding any potential issues.

The risk level is too high, I've been around the block a few times and I would most likely pass too.  

35-40% is a more standard realistic operating cost. 50% is too high.

I highly suggest obtaining a Google number.

-Single-family home sales declined 1.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 49 to 45 days;-Total property sales were down 3.1 percent with 10,175 units sold;-Total dollar volume was statistically flat at $4.3 billion;-The single-family median price edged up 1.5 percent to $345,000;-The single-family average price rose 3.6 percent to $443,970, which is a record high; -Single-family home months of inventory registered a 4.0-months supply, up from 2.7 months last May;-Townhome/condominium sales continued to decline, falling 9.8 percent, with the median price climbing 12.1 percent to $241,600 and the average price up 7.5 percent to $281,777.

Apparently our DTI is too high for the HELOC so we can do a cash out refi but that is less desirable because it means we cannot then get the loan for the rental property despite having 25% down.

Make sure to find one that has flexible pricing options with out high volume minimums.

Hi Prabhash, A lot of my investor buyers have targeted the south Florida area for their purchases due to location and high rental demand. 

You need a high FICO.