In every business there will always be honest people - and there will always be fraudsters, and those who are balancing in between.However, I agree that open honesty of actions, intent, and past record eliminates 99% of ethical problems.  

Hey Catherine,We classify it as a 'Delayed Purchase' and set it at 80% of purchase price. 

This means that these purchases are negative thousands of dollars per month.  

@Gordon Middleton  Remember, if the intent is merely to create separation for liability purposes, you are creating the clearest alter ego case imaginable.

We purchased brand new furniture in one rental and 2nd hand furniture in the other.

Medical/physician programs are typically best for primary or investment purchases..check in with @Joseph Chiofalo he is a national lender and refinance savant that's worked closely with me for over two decades.

I am in the process of purchasing my first rental property and am looking for any advice on what to anticipate as a new Landlord.

Did you purchase your current home with a VA loan?

We will put that $95,000 into the emergency fund and continue to save money until our next purchase.

Borrowers usually only put down a fraction of the purchase price, the lender is stuck with the property if either of the above criteria fail.