If the property cannot be purchased using appraised long term rents to debt cover at 80% LTV, try to qualify the loan under ST rental numbers, IF your market has an abundance of ST comps.

@Joshua Jacobs I think you maybe referring to a DSCR or Debt Service Coverage Ratio loan if you're looking for a 30 year fixed mortgage.

If so, your monthly debt service is approximately $1,200/Mo.

Say you bought it for $200,000 and sold it for $250,000 and they put $50,000 down.Your basis is now $150,000 and the principal payments that come in from the borrower will continue to lower your basis and the interest payment is taxed at ordinary income rates.

That is my recommendation (also called it being a debt vs. equity investment)

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%.

No debt in your name.

I have 140k gross income last year, no other debts, first time home buyer.

Landlord friendly, low taxes, job growth, and close to all the recreation of lake Tahoe. 

Borrow against them tax free if you need the cash.