I would say look for a hard money lender actually - you won’t need to verify income or anything, they usually care most about the deal itself and this deal seems like it has great potential also when you’re starting out, it’s going to be difficult finding private money fast and they’re not going to trust you as much so their rate will be higher, hard money lenders at that point have the same rates as them!

I ask because I don't see many listings online that don't include much detail...and wondering if I should.All 18+ applicants must complete the application and pay the application fee.Credit score of 700+, No bills in collection.Steady employment or other acceptable source of regular income for 3+ years.Gross monthly income at least 3.5 times the monthly rental rate.Monthly payment Debt-to-gross-income ratio no higher than 40%.

.- $968 difference paid out over 12 months would be $80.60 per month MORE.The mortgage company is claiming that I owe $3,000 MORE in escrow and is charging me an additional $250 per month.I checked with them and I've NEVER missed a payment and have been up to date this whole time.They say its not a mistake but couldn't explain why I owed $3000 more instead of $968 more for the year.Am I missing something? 

I have enough to cover the down payment but the property is going to need some renovations.

Unfortunately, these things happen with partnerships, especially with friends and family where there is more 'trust' and less legal definition. 

Them next thing is to make sure your debt to income ratio is below the max % 46.9% for the front debt to income ratio (mortgage payment divided by your gross monthly income) and 56.9% for the back end (mortgage payment plus all other monthly debts divided by your gross monthly income). 

Especially for a tenant who has never done anything wrong in the first place, not even late with payment.

Many investors use mortgages to finance their purchases, but there are other avenues such as real estate investment groups, REITs (Real Estate Investment Trusts), or crowdfunding platforms.Step 4: Market AnalysisChoose your market wisely.

That makes down payment of 30% when cap rates 5 and interest rates 3.5 now 45% down with huge interest payment to make DSCR work with lender and only get cash on cash of about 3.5% and buyers say that suck I get 5 in the bank no thanks.Now in bank they get highly taxed on the 5 and some banks unstable right now depending on who they hold funds with.

That would come down to a payment of 930$.