You carry an interest only mortgage for a small period of time and then pay it off at sale or at refi.If you go right into a 30 year DSCR then you are paying the loan back over 360 amortized over 360 payments.  

high mortgage and need tenants Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My tenant pays most of my mortgage for me and I became incredibly determined to try and get another deal in the near future.

With two units available, if one remains vacant, the rental income from the other unit can help cover your mortgage costs. 

Looking for the following:- At least 80% LTV- Quick closing- Appraisal mix of income/residential approach- Take historical income from existing portfolio for newly finished homesThank you for any recommendations!

I’m a local investor here with a lot of pre existing relationships with lenders, contractors, realtors, wholesalers, etc… if you have any questions give me a call

I've been living in the house with one roommate paying $600 of the mortgage.

@Seth Vendelboe you will have to go to a commercial lender likely - because it is over 4 units - or check with the local banks and credit unions who hold their own mortgages   I might know of a guy in MI who can help if you don't find someone 

If you're counting mortgage principal as expense that is actually part of your profit.

Its going to vary for so on private lenders/Non-QM or DSCR from lender to lender and more than conventional which is more standard among lenders.https://www.mortgagenewsdaily.com/ is a good resource for generally daily/weekly moves in mortgage rates in generalhttps://www.google.com/finance/quote/FVX:INDEXCBOE?