Q1) Is there a minimum interest rate requirement?

Hi Kristin, For DSCR loans, personal income is not required.

Here's some guidanceon finding your first deal:- Define Your Criteria- Explore Financing Options: Withyour budget for a down payment, you have several financing options to explore.Conventional loans typically require a 20-25% down payment, while FHA loans forowner-occupied multifamily properties may allow for a lower down payment,around 3.5%.

Cash out refi usually requires a seasoning period (eg. 1 year before you can refi) but can vary lender to lender

He could possibly put a low down on a “primary home” duplex however each subsequent duplex would require 25% down if done in the near term (assuming he sold his primary home which is the best path to accomplish his goals in my opinion).

Investing in REI will require a never ending need for cash.

If you didn't claim it in the year the property was placed in service, you can elect to claim it in a subsequent year, as long as the property meets the requirements for bonus depreciation in that year.

If I am going to hold and rent, 3 beds in our market get about $300 more per unit, and are desirable in there aren't enough of them.If you're gonna hold and refi, I would make it a 3 bed.I may be just looking at it from a multifamily perspective.Let me know what you end up doing.

It also may be a question of which format is more desirable for the market and associated demographics.  

Just wanted to thank everyone again for the help.I can't say I fully understand all the issues raised, but it sounds like the bottom line is that there is no way to move the asset out of the s-corp without triggering a capital gain liability.Interestingly, the thinking required by me to address your comments made me realize that I am not depreciating this asset.