I also look at capital appreciation, tax savings, cash flow and cash flow appreciation.Where you invest, investment support structure for each property, and additional factors important to your individual decisions all make a difference as well. 

-- You will not find this level of service with a regular bank or credit union. 

Also consider additional wear and tear, occasionally you may have a tenant who will leave a property trashed etc.

do you both have good credit scores? 

I don't have any debt at all, I have a 778 credit score, and I have about $35,000 in liquid.

I looked at nearby comps and realized that I could easily recover my investment if I were to add an additional conforming bedroom and bathroom!

In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.

In addition, get copies of the tenant leases or even expired leases if the tenants are month-to-month as those terms carry over.

The main difference is the terms, DSCR terms are 15 and 30 years fixed and 30 and 40-year interest only options, there is more leniency as to Minimum Credit scores, Vacant units, and DSCR coverage.

@Tony ScalYou could try for a blanket open ended line of credit with a portfolio lender would be easier if you are working with someone you have a relationship with and much easier if they held first position.