The average mortgage lender was able to offer lower rates nearly every day for the last week.

This is the most basic level of protection and it is not very effective, but it is still better than nothing.

An entry-level job at WalMart or McDonalds will easily earn them $2,000 a month, but they can't afford $360 a month?

I'm thinking that something that cash flows $100 - $200 should be just fine, since I can refinance later at a lower rate, and move all that extra interest to the profit column.Let me know if you see any issues with the approach above or if I'm being too hopeful.Thanks again,Andres

I would consider looking for a new property manager to see if you can lower your costs and explain what your problems are. 

This will remain the case until you reach a point where non recourse debt is available but it’s rare and generally only applicable to larger transactions where leverage is customarily lower and there remains carve outs for “bad boy acts”.I frequently see posters on here say “they can’t get a loan for properties owned by an LLC” but I suspect they incorrectly thought that they would not have to personal sign on as a guarantor.

It seems really useful and has shown me some cool properties in different markets, but I’ve tried cross referencing the numbers in airdna and get much lower estimates than what the newsletter shows.So I’m cautious of how accurate it is.

For example, maybe on a duplex you offer full price, but the Seller covers closing costs and buys down the interest rate, lowering your monthly expenses.

I bought a property in Colorado Springs zoned R4 and converted the detached 3 car garage behind the existing cottage into a 2 bed 2 bath upstairs and studio on the lower level and drywalled between the 3 garage spaces so each unit has their own enclosed garage.

Unless you are using commission, bonus, or have variable income to qualify, you should not need to wait 2 years for conventional financing, which will have lower rates and less down payment required than DSCR (assuming you plan to house hack).