Depending on your credit, down payment, property details, if you're self employed you may have to use two years of tax returns.Generally people will consider a DSCR loan if they have maxed out their DTI, don't have a regular W2 job, don't make enough money to underwrite a loan based o their income, would like to hold the property in an LLC or would like an easier underwriting process as the lender is only looking at the purchase property and not asking for lots of income documents or excessive documents for other real estate owned.  

Of course the list of violations are excessive which in turn increases my acquisition cost.

Since I will be a college student my main focus of purchasing properties will most likely be creative financing, as I will not have much extra money after housing, tuition, and all of the other excess costs for a college student.

major red flags I've seen that are not mentioned above:most recent landlord reference is overly positive regarding the applicantinability to complete application without excessive handholdingoffer to prepay rentoffer of additional deposit in lieu of credit check

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

This means you can be flexible based on your strategy and risk appetite.

Overleveraging: Poor mindset investors may take on excessive debt or use risky financing options without a clear plan to handle potential financial setbacks.4.

Really appreciate it.To be quite honest, I don't believe I have the appetite to house hack by buying a duplex/triplex/etc.

Eric Foss #RustBelt Bottom line is that you'll have to go somewhere to buy where the buying pool is only investors and an incredibly limited pool of investors with that appetite.

One had an asking price that was about 25% higher than it was worth, and the other two were low, one excessively so.