There are a lot of new programs that offer higher LTV options for investment properties and the  income qualifications for DTI are more open to alternative income options - Bank Statements, DSCR, Partial year SE. etc..

I want to have a full set of standards before I start evaluating applicants that way I can prove I used the same qualifications for everyone. 

I'm sure you can find someone on this forum who meets the above qualifications and would consider partnering with you.

Maybe you can include a print out with information where you keep your rental sign up so that interested renters can read more about the restrictions and qualifications before calling you.I like Bettina F.'

How long does pre-qualification last for?

@Derek Hammond- From a Private Portfolio Lending perspective, and specific to Rental Loan qualifications, we use a DSCR (debt service coverage ratio) of 1:1-meaning, we do NOT qualify Income. 

I got the 28% number when using a pre-qualification worksheet to organize my data.

HI Hen,I am only licensed in the below states however, the above scenario is acceptable and I've worked with many folks who were solely qualifying off atraditional income sources like rental cashflows only, notes income, installment contracts, royalties, dividends, alimony, child support, etcThe thing you have to factor is that the lender will still calculate a full DTI or debt to income on you so when I mean you might be able to qualify this assumes youd have to either have a ton of a rental cashflows or little to zero debt and are living rent free.This is so you can divert all of your rental income to help you in the qualification of the property you're looking to obtain financing for.If lifestyle costs, rents, or other liabilities are in the way or taking up your borrowing power then you wont have any room for this anticipated property.If you're trying to rely solelyon this anticipated purchase's income only and have no other rental income then you'll definitely have to be living rent free (family members/parents) and will have to have zero debt when credit is pulled but you'll be able to qualify yes if the property cashflows (75% of gross rents - PITI = hopefully positive income). 

What qualifications do you want your tenants to meet?

Having walked through TONS of properties and not having found one that fit my qualifications I was starting to get jaded and frustrated.