It's called "required time between bookings (prep time) rule".

How does the loan process work without proof of income and what percent down is required? 

There are other expenses beside the loan that will need to be accounted for such a grounds maintenance and insurance. 

If you can get $1400 for the commercial without any out of pocket expenses and new long term lease with rent bumps, that would sound more appealingGood LuckGino

Some states like mine require it to be held separate from rent collection accounts. 

While no renovations were required, our effective project management and marketing efforts ensured a swift resale at $200,000.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Start looking for ways to make more money and cut on expenses.

(If so they will require you to submit forms every year until you sell so they can collect their state income tax on top of any state income tax where you buy.)

Not to make any real money but at least make my expenses!