Like you mentioned, it's not just W-2 income, but what debt they have. 

@Ned Carey Thanks for the feedback, I’m leaning that way, I’m just not a big fan of debt.

You will try to use logic and say “but I’m paying down the debt too!”

This way you could keep all the debt financing in the business vs utilizing your primary & rental real estate.

This differs when you are bringing in leverage, as your mortgage reduces your NOI after debt.

It was treated as unsecured debt during the repayment plan.

I’m currently paying down debt by this summer and should have saved for a relatively small deposit by EOY 2019.Here is my current position.Purchased 1st property as a USDA in MauiUSDA Ln: $400kMortgage: $2202Consumer Debt: $0 (06/2019)Owe Aprx: $385,000Home Value: $500kIncome: $74k yrlyDown payment: $23k (12/2019)720 Credit score Im looking to purchase something small, preferably in a wooded mountain area (ideal for short term rental) but open to anything affordable.Right now I have my short term goals set out but been wracking my brain trying to figure out the next best possible approach to REI.Any help or advice would be GREATLY appreciated!

I don't have very much saved as of now, being that I have been attacking credit card debt and not saving as I should.

This also happens with bridge loans from large, institutional debt funds.

This is to say nothing of the fact that they got 3 year debt on a stabilized property, and they're projecting 10% CoC in year 1 to the LP's when the deal itself only throws off 2%, and the pref is 8%.