DSCR won't work for us because given the rent roll we would only be able to be at 65% LTV, and we are looking to be at 70%-75%.

Recently closed a deal with a client that was a 3/1 single family house for $120k and they're renting it out to section 8 for $1550/mo!

Without it the lease would remain between the previous owner and the tenant, you would not even be entitled to rent...

For a bit of context, my wife and I recently moved to Tennessee and after renting for a bit we are just about to close on our first property.

It has two units, but the house is only a legal one family, looking to possibly purchase it and live in one of the units and rent out the other, one as a Airbnb or just as a regular rental would need to get some kind of financing to make this purchase by being only a legal one family a conventional mortgage I think would be out of the question.

We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.

Purchase price: $400,000 Cash invested: $20,000 Sale price: $620,000 Bought near a private university with the plan to live in it before renting it out.

If owning them makes my life better by providing a free vacation, then hold on for the long termAt some point, I discovered that if I stay there when it could have been rented, it isn't free

The PM before, Evernest, provided a guarantee for renter within a certain time frame, gave me a much higher rental rate estimate, and then when couldn't deliver, made up a tenant to rent the home and then made up a break in which 'deterred the renter' thus resetting their clock guarantee.

But let me clarify another critical point that you seem to miss.When you have rental properties, your rent income ("gross income") does not matter for taxes.