There are a lot of tricky rules around this, and I believe Freddie either just changed or will be changing very soon to require 1 year of property management/landlord experience in order to count future rental income when buying a new property.2nd question: All debts in which you're obligated, regardless of whether they report on your credit report, are considered in DTI.

Are you managing the property or do you have a property manager?

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

From there the lease would be sent over and I would collect the security deposit.

For now though my dad and I were talking about him getting a property in Miami that I could manage with him and for a cut and for some first experience.

Luckily the guest plays for the NFL and is going to pay but my client self insures and had no coverage. 

The purchase price is $1.8m, and I have $750k cash. 

If you can qualify using your income I would avoid DSCR but again its not the end all they have value.DSCR single family requires 15% down, 2-4 Units require 20% down, they offer 5/6 ARMS, 30 & 40 Year fixed and I/O Interest only options which can help cash flow first few years.

Im still doing a market research and gulfport, MS pop up. any additional information about this place regarding landlording, property management and ideal location would help. thanks

And Again CA specific I have not seen another state that I do business in require thumb prints and I do deals in about 30 states.