The tenant guideline is 1/3 the tenant's gross qualifying income, which is subsidized and they may pay for higher rents not to exceed the FMR mean of comparable housing in that MSA.

If you qualify conventionally, any bank will use your income, credit and assets to get your loan completed.  

Code section 280A defines personal use of a real estate property, and it doesn't allow deduction of expenses for personal use space because it's considered to be your residence rather than rental property. 

And evaluating the track record is a call that's made first by the taxpayer or their CPA, and ultimately by an IRS auditor (should one get involved). it is very true that the IRS cares about intent with respect to capital gains in real estate -- I've certainly seen cases where the statutory timelines were less important and the identified intent of the investor.with respect to determining whether you qualify as a developer or an investor, it's much more of a "forest" than the "trees"...so holding any given investment for 14 months prior to a flip is certainly no guarantee of receiving long-term capital gains treatment.I hope this helps.  

As long as you qualify for both.I didn't have enough information which is why I (and others were asking).

Investment Info:Single-family residence buy & hold investment.

Doesn't necessarily have to be DSCR if you can qualify with DTI, employment and income being factored in. 

I’ve seen holes burned through walls due to a crimp connection within the wall made improperly by a qualified electrician.

Your plan demonstrates careful consideration, particularly in regard to your primary residence and investment properties. 

How do we know we qualify and what are the steps?