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.

Some areas you may want to consider in Houston are Sunnyside for example

Since you mentioned that you have family in these same towns and stay for a week, you would typically only deduct the plane fare for the business portion of your trip.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

The Rise of Mid-Term Rentals:Mid-term rentals, which typically range from one to six months, are gaining traction for several compelling reasons.

For example: DR.

I've always thought investing via HELOCs were risky, and now only more so as the rates are typically adjustable and would not be very high. 

Our intention is to demolish the house and proceed with the subdivision.Since I lack experience working with developers, I'm unsure what would be a fair arrangement for me in this deal.How much does a developer typically charge for the scope of work?

@Jess Wagner fantastic, many agents "jump" before being properly prepared:)You might want to start posting some examples of what you do, or your office, to attract investors.

A great example is the Quickbooks Online pricing for bookkeepers.