If so you may have some full doc options which have the best rates typically and terms.Like others have mentioned you have DSCR loans too but this only allows you to purchase non owner occupied properties (not primary residence or second home occupancy type properties).

Typically looking for max ARV at or below 65%

Typically real estate is long term, has tax write off advantages and you can borrow money tax free to invest in other opportunities.

Keep in mind refinancing costs typically range from 2%-5% of the loan amount, so weigh the upfront costs against the long-term savings to see what works best for your goals.Good luck!

And what kind of MBF do you get out of a typical stem.

As @Julia Lyrberg noted, MTRs typically rent for more than LTRs, as they should for a furnished home with utilities included. 

Just approach everyone with your business potential and they’ll typically help you out.

Typical utility bills (which we include) are $100-300/month.  

Giving them a laundry list of items will typically just overwhelm them and create more confusion instead of giving them a smaller step process to get more confidence to get the ball rolling and then they can get into the weeds on their state when they get the contractors out there, have local bids come in, and dial in their plan. 

Our biggest climate risks in central Texas are typically wind and hail, so anything of concern regarding the roof could get an applicant declined including trees too close to the roof surface, roof over 10 years old, etc.