This person would be the primary one paying the mortgage and managing the property.Different Mortgage Loan scenariosApplying for loan soloApplicant 1 aloneThis applicant's credit is good enough that they would undoubtedly qualify for the best rates, but since they do not have a lot of cash on hand for a down payment they would need to either cash out some stocks or get a gift from Applicant 2.My understanding is that either option would lead to tax consequences.

But you are correct, the debt service cost is just the mortgage expense.

It’s a lot of work, and I have had some mistakes along the way but I love the challenge and I am paying down a mortgage with other people’s money.

And adding a second unit helps with overall mortgage payments.

I have a homeowner who has little to no equity in a property in the Memphis area ..the home can rent for 600$ More than the original loan monthly mortgage amount .. the arv is 175,000 the balance left  on the home is 152,000 ..

This does not mean I am advocating taking out the largest mortgage you can; it just allows you to be more flexible.Hope this helps!

A broker I’m dealing with sent me the email below, his numbers are not working out in any mortgage calculators that I’ve used.

@Raymond Y. for mortgage pulls I would maybe find a broker in your area that can take the one report they pull and transfer it to the lenders they use. 

If a BPO or appraisal can't be completed by the mortgage servicer this short sale may never get done.

This mortgage scenario would allow you to finance up to $170,000 with only $30,000 down.