I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Also, are you charging one flat rate to include utilities or charging rent plus splitting up utilities?

FHA loan with monthly payment including taxes about 7800. the other side would get up to 3200.

Also include pictures of the land.Is the land buildable / usable?

Examine several funding choices, including partnerships, hard money loans, private loans, and traditional mortgages.6.

With 5% down that’s about $35K not including closing costs and fees.

I’m budgeting about $1,500 per room, so $8,000-$8,500 to include the LR, DR, kitchen, and outdoor space.

I am going to test the chlorine levels in the water this Friday, but the tenant has asked about a whole-house water filter to reduce the chlorine levels. 

This will greatly reduce the cash flow to a point where it's not too appealing, even with a higher gradual rent increase by then. however assuming with continued 3% rent growth per year, it will eventually cash flow nicely again 2-4 years after the tax starts, assuming rents and expenses all grow at 3%.What do you think?

This includes non-profits.