These terms are based on what my company does and will vary from lender to lender.On a DSCR loan, rents of subject property must be 100%-115% of the mortgage payment.

Subjective of course.

But in my specific situation, I’m looking to buy my uncles house subject to his existing financing.

@Jayden HamiltonIt depends on several factorsFederal considerationsCapital gains tax rates are either 0%, 15% or 20%You may also be subject to a 3.8% net investment income tax depending on your income levelsDepreciation recapture is taxed at a maximum of 25% tax ratesState ConsiderationsYou also have to factor the state tax rate of the state if the property is located outside of Illinois.Some of the taxes may be a mute point if you decide to take advantage of a tax deferral via 1031 exchange or QOF.Speak with your CPA if you want a more specific answer.

These are all great points, and I appreciate you taking the time to outline them.

@Allen Martin this is definitely a touchy subject.  

We don't have a time in the day for the extensive learning in the new subject so we either learn through our mistakes (expensive, can bury a novice) or put an effort and find a mentor who can help us along the way (not easy, but pays off big time).

I highly recommend you read a book on the subject before delving in.You would typically include utilities.

They were seriously considering an 5 year owner carry/subject-to that I had offered.

Contact me by email with Bigger Pockets Forum in the subject