What was offered to me personally was a DSCR loan, since it's based on rental income of the property you're trying to get a loan on, not previous and current personal income. 

You can do a no income no doc DSCR loan 30 year fixed cashout upto 80% .

However, if you lose a tenant, you lose all income. 

Since we have zero income, I'm not inclined to pay a CPA several hundred dollars to do our taxes, so I'm trying to do it myself. 

Cashflow=Rental income- expensesRental income: how many rooms will you be renting out?

Have an idea of the limits you want quoted     - Building - cost to rebuild    - Contents: do you have any business property there (appliances that are not built-in,         maintenance equiptment, furnishings in common areas) - what is the cost to replace them    - Business Income:  What is the total rents minus the costs that don't continue    - Liability:  What limit are you looking for2.

While you may be able to make 200/door you probably lose that with lower appreciation.I would run some numbers on new purchases in Denver and one or two Midwest markets (using zip codes for household income to identify your b- neighborhoods) and see what makes sense.

Hello, I was reading the book and was wondering if you can share the link to download the flow chart income/expense. 

I would also callout that my business partner wants the loan out of his name since it is impacting his Debt to income ratio for other things in his life. 

No income no doc .