Prior to about 15 years ago the PM used to call with a rundown of the applicant’s credit, income and any relevant facts and I would approve or deny.

No income verification.

In case helpful, more info on DSCR loans:DSCR loans won't use your income to underwrite the loan.

No matter what you do I think you really want to consider renting it out for at least a year to convert the ($130k minus $13k in closing costs, minus $80 cost basis = ) $37k in profit from regular income down to long term capital gains.

Beware of incoming phone calls.

The current loan would have to evaluate your debt to income with the additional debt etc.

My hourly rate is very low, and I make most of my income from over time.

M. it’s because agents are owners receiving stock awards and passive income opportunities for life just for supporting agents who join the company.

So all of my income goes toward paying down the principle.

If you were purchasing this 4 unit as a primary residence you could likely use the rental income on the other 3 units as qualifying income.