The DSCR is a bit more expensive, but it only cash-flows the property and does not require them to do a full-income documentation loan to you.

Many of these loans are not full doc and we don't look at personal income or employment status, so those factors don't really matter. 

This helps ensure you can manage payments even if the property isn't generating income right away.Given your situation, if you're aiming for an investment property and have about 3 months of PITI saved up, you're likely in a good position for a conventional loan.

Rural areas are typically defined as areas with populations of fewer than 35,000 people.Use: The property must be used primarily for rental purposes and provide affordable housing options for low- to moderate-income tenants.Developer/Owner Eligibility: The developer or owner must meet specific eligibility requirements set by the USDA, including financial stability and experience in property management.Income Limits: The tenants who will be residing in the multifamily property must meet income eligibility limits set by the USDA.

This will allow you to take deductions against your ACTIVE income (W2 paycheck).

That enables you to live in the community you love, gives you extra income to pay off the house faster, and you won't have tenants trashing the place.

Which they don’t clean so it’s additional income haha.

The applicant has no verifiable income (he is an artist and woodworker), but has basically zero debt and an excellent credit score (almost 800).

125% income to debt seems like it could be tough to find right now, but I am considering a DSCR. 

This is my wife's first job, so she won't get much of $$ on her mortgage alone, but I want her to eventually get a mortgage under her name once she establishes her income in the next couple of years.