You can use rental income from other units to qualify for a bigger loan amount => higher purchase price.Hard to find in decent areas, so you'll be tempted to buy in Class C or even D areas.

Here's a casein FL - Seller in foreclosure has 120k principal @4%, Shes 10k in arrears, house is worth about 250k, good condition.She wants to stay at the house, but doesn't mind selling it if needed.She will likely not qualify for a loan mod at the moment, good amount of equity.She works in the medical field, just took sick and fell behind.I was thinking of offering to pay her 10K in arrears and creating a 2nd mortgage @ 10% interest.if she defaults, i can foreclose,  as there is a bunch of equity there.any thoughts of a better scenario that i can make more of this situtation?

In the last years, the rent amount on a BRRRR property has become the defining factor for the loan amount.

I smell a refi in your pipeline a year or so from now, remember this isn't a home loan, so "two years of tax returns showing a profit" is NOT a hard/fast rule at all to get the best terms.

Both to scale better, and because it gets me into a price point where the asset is underwritten more than the borrower, and non-recourse loans are easier to find.There are not a ton available, and those that do hit the market have not piqued my interest. 

However, this is simply just a fix n flip loan, not a DSCR loan.

@Daryl CorreiaWhile 5% down investor loans may be available, the rates will be high as will the monthly payment, resulting in significant monthly losses.Below is a (over simplified) table showing the down payment rate, debt service, taxes (0.55% of the purchase price), and insurance ($700 per year), assuming a monthly rent of $2,200, and a purchase price of $400,000.

I work in property management so many of the people on my referral list are brokers, mortgage loan officers, and leasing agents. 

We have a 7.125% rate on a 250K loan.

We were able to do a low down payment loan with closing cost assistance.