You'll get a lot more out of it, including a lifetime friend in the business if things progress well. 

Also the person paused on their application for a few days before completing it, including before doing the background check and paying the fee.

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

@Tyler Ferguson It will be a little easier for your taxes and finances if you create a separate account for all of the property's income and expenses including the personal and rental part.

This could include an annual licensing fee from your municipality or a stray utility bill or whatever. 

You may find that it provides that her coverage continues so long as she holds an interest in the property, including holding a purchase money mortgage securing a portion of the purchase price of her sale to a third party so a new lender's policy may not be needed. 

They were break-even at best for a few years, but we're cash-flowing now (and the appreciation is great.)Anyway, I think overcomplicating the first buy delays your purchase.

We are okay now, but any added stress, which includes even texting.

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.

Your participation in the activity for the tax year constitutes substantially all of the participation in such activity of all individuals (including individuals who are not owners of interests in the activity) for such year.2.