The last factor is what makes it "worth it" to you...an extra 5% or 50%. 

- The biggest factors for lenders are LTV, FICO, DSCR.- In a tight DSCR environment, insurance is becoming increasingly important.

Hello, I am looking for the best financing options for a second home which intend to buy land and then build.

No the fact that the title to the property will be in an entity instead of a personal name does not erase the debt from your credit, and a lender will still factor in the mortgage payment towards your DTI.

There's not much room in the yard to build an ADU so I'm unlikely to do that. 

Only thing I will add is if you rent by the room, you also have to factor in landscaping costs (mowing the grass) and ideally cleaning of common areas (eg weekly cleaning service).  

Go to the build your team tab and find one here on BP! 

Older buildings likely have nothing but one layer of sheet rock between the floor boards/joists and lower level units.

It would still appreciate overtime and build equity all while someone else is paying the mortgage.

I plan to one day aquire apartment buildings for rental income.