DSCR loans do have slightly higher rates than conventional loans, but its not because of the LLC, its because of how they qualify the client (not using personal income). 

@Rachel Waldorf How do you live with 0 income?

Politely decline those with poor credit or insufficient income.

I did a 3-year corporate stint managing a marketing department with a multi-million dollar budget, but I'm not too fond of 9-5.

Dear all,I am new to real estate rental investment and looking to purchase my first rental property as a source of passive income. 

So pick the better roofs of the four, get someone up there with a bucket of sealer, roofing caulk, if necessary a few bundles of shingles and patch it up until you have the funds to do a full tear off replacement.20 is a lot to manage part time, I have pushed it to 30 while I still had a corporate job with a lot of travel.

For tax purposes its a passthrough entity, but it makes it a lot cleaner to do tax strategies around maximizing expenses to lower taxable income. 

.: @Indrani Peyton There are more details than just simply getting approved for 400K with a minimum 27K income.

I just started my company and purchased a house in West Palm Beach under my corporation.

It can serve two purposes, provide a roof over your head and still provide some income to OFFSET your LARGE MORTGAGE payment, since you are considering putting 5% down.