On that program it does require 'Full Doc" income so W2 or 1099 income would be required.DSCR also offers 30 Year Fixed, ARM programs for lower rates and Interest Only which can help with first few years initial cash flow.

Purchase price: $215,000 Cash invested: $75,000 Sale price: $336,700 Active in MLS for only 3 days before accepting offer - closed for a $46,700 profit!

If your exit strategies offer a good alternative to appreciation, maybe you'd consider looking into the deal further. 

I contacted the broker and let them know that our offer was low, but they insisted we submit.

Along with potential income flow and tax advantages, real estate also offers physical assets.

Establishing an LLC for your real estate holdings can offer several benefits, especially when multiple individuals are involved in property ownership.

I looked at the property today and will look again Tuesday but I'm sure I'm going to make an offer. 

On the flip side if they are not using all of your income, overtime, bonuses they could have you approved for less and not offering full approved financing.

He didn't want it and I had a verbal from the listing agent saying seller would accept my offer.

I'm asking the question because I submitted an offer and the listing agent laughed at it and said I will not present any offer that is under $X.