cover expenses with other income' - well, that's the issue. 

My income is $70,000 annually from a W2 job and I have no outstanding debt.

So, you'd start by estimating the net operating income (do your own calculations and don't use the figures from the developers on this).

if you only do negative cash flow for few hundred bucks and your large income is good enough and you plan to keep the house for ten years, then this is not an issue after all.

Specifically, if the original loan recipient has a total VA loan entitlement of $750,000, does my assuming their $370,000 mortgage reduce their available entitlement to only $380,000 for future use?

I’ve been doing this type of work for way too long, earning whatever number it is my “boss” thinks I’m worth, and I want a career change that gets me out of the rat race.I want to be around happy people (for the most part) doing something creative, that makes me happy, free and lucrative, one that allows me to be my own boss deciding how much money I make, and on my way to living an essential life with multiple streams of income that include me in Europe, writing stories in my free time.

Me and my wife decided to build an ADU on the property so we can increase the property value, and gain additional income passively.

DSCR loans won't use your income to underwrite the loan.

This is usually the option my clients go when they know they'll be out of the HML in 6 months or less as it reduces their cash to close up front.

If you qualify conventionally, any bank will use your income, credit and assets to get your loan completed.