Lenders will use your tax returns schedule E to calculate your monthly rental income.

Hi Nadie,You've gotten some excellent advice here already--I would also add that most lenders have a minimum loan amount of $100k, so that could make it hard to finance as well.John

You need to find a lender that is willing to lend on these units.

Hi Sarah, there are a lot of qualified and great DSCR lenders and brokers on this platform.

Another possible option would be to do a cash out refinance to get some of my rehab money out of the property and only leave my 10-20% downpayment (whatever the HML lender requires to purchase the property)I would love to know if this is possible or if there are any issue with the plan, especially in the refinancing into a primary portion. 

Yes I am putting 20% down I didn't know that a Lender would let you waive appraisal with only 20% down.

Second: a lender who specializes in your investment strategy.

Any advice from lenders?

Which lender has the best rates?

Is it worth getting another appraisal to potentially have lender remove PMI based on renovations?