The rates are a little high, but they have lots of benefits:-30-year fixed rate terms with an option to be interest-only for the first 10 years-Easy qualification with no DTI requirements, or income verification/tax returns-flexible underwriting (minimum DSCR 1.00x - will only count property taxes and expenses in the expense load, even on Multifamily!)

And the volume of such, that is key, many many millions of such "ticking time bombs" were in the system, a "load up" that took many years.   

Turn it in to…1 year 2200/mo2 years 2300/mo3 years 2400/mo4 years 2500/moYou end up with the same money except it’s front loaded and the increases don’t seems as drastic.

Of the three Approaches to Value, if there are no exact comps with two houses on one  lot, as an Appraiser, I would probably give most weight to Income Approach; both the Gross Rent Multiplier and Direct Capitalization-hope this helps.

adopted from a twitter threadOne of the most important numbers to determine your✅Eligibility✅Rates✅Terms✅Pointson a loan for your investment property is your qualifying credit score (or FICO)"FICO" itself stands for "Fair Isaac Corporation" but is commonly used just as a shorthand for "credit score," a measure of your creditworthiness (how reliable you are for paying back debt).There are three main credit bureaus "Equifax, Experian, and TransUnion" and lenders typically use the median (the middle number) score to qualify you.NOTE: not many people are aware, but the credit score your mortgage lender uses is different from your consumer scoreThis score is based on general credit but more weighted toward your credit history on mortgage-related debt.The 5 main factors are:✅Payment History✅Amounts You Owe✅Length of Your Credit History✅New Credit You Apply For✅Types of Credit You Usehttps://myhome.freddiemac.com/blog/notable/20210831-factors-credit-scoreLenders will typically have different credit score "buckets" as a big factor in the interest rate you qualify for, typically something like "660-680," "681-700", "701-720" etcIt varies, but each difference in bucket can have a large effect on your rate, something like 10-25 bpsIt may not be truly logical that FICO should have such a big effect on interest rates on mortgage loans on investment properties but that is the current reality!

Anyways, there are loads of great options out there - whether at eXp or another brokerage.

Pets: weight limit under 25 pounds; rather than saying no dog breeds with bull in the name supply sample acceptable breeds; VERY LARGE $1200 pet deposit; fines for nuisance barking or not picking up waste; state that you will approve photo of pet... and a monthly fee of $30 per pet.Income for attorney is much better if you can verify.

I actually tried on several different devices and without using our biggerpockets link and it keeps saying "loading....". 

For simplicity's sake, let's say I'm looking at $120K in outstanding debts.My credit score reflects some of that load, hovering around 670.Lastly, I'm a filmmaker––(@dustyhulet)––which historically has meant I ride highs and lows in my income from year-to-year depending on the phases of the projects I'm on.

There are multiple lenders on here with loads of different programs.