Banks typically require a DCR of 1.2, the Heeren Method employs DCRs of anywhere between 2-3.

I have a borrower (self-employed) who is purchasing a 640k property in Orlando area who has had to clear up unexpected conditions in order to obtain a loan commitment, but he has done what was needed and we're back on track.However, we need a few days closing extension and the Listing Agent is difficult, likely because from what I hear, she has a buyer ready and she would get the entire 6% Points real estate commission.I'm trying to be nice, but the listing agent and her title agent refuse to surrender the seller's contact info. 

Don't forget the tax benefit of owning the extra property. ( more depreciation)Borrowing from your 401k (if it's allowed by your employer) you can borrow up to 50k or 1/2 the value, whichever is less.

Try and see it from a potential mentor/employer's perspective.

The rental market here continues to run along fairly strongly, with military, healthcare, and industrial employment being primary economic drivers.     

We both live in Washington State and have no intention of going to another state though we are under contract on a house in Cle Elum now putting us further away from Seattle and the bulk of our rentals; however, if were both self-employed getting around to the properties becomes less of an issue. 

So my question is since a person would need to have at least a two year work history with there employer to apply for a loan is it posible to put your two weeks in and quickly start another job and still get financing before the two year period?

Hello BP.Thanks in advance for taking time out of your day to consider my question.I am trying to position myself to obtain financing for another rental property next year.I currently have one rental property, of which I own 100% of the equity and is cash flowing well.My problem is that I am self-employed.

I graduate next semester and I plan on working for 8 years and then hopefully being completely self employed through Real Estate full time.  

The following employees are exempt from the coverage of this chapter:...(2) Any person employed, for not exceeding twenty (20) consecutive work days, to do maintenance, repair, remodeling, or similar work in or about the private home of the employer, or if the employer has no other employees subject to this chapter, in or about the premises where that employer carries on his or her trade, business, or profession;