Right now we require two incomes in order to afford the mortgage and looking to downgrade/rent for a while and be a single income household so wouldnt be able to pay the mortgage for the house unless its being consistently rented on FF.

Rental Income Powerhouse: Can the property bring in enough rent to cover your costs and leave you with a healthy profit?

The benefit on DSCR is that it will ignore your personal debt to income ratio for qualification, but you don't get the low down payment options of owner-occupied conventional or FHA.  

Upon default, our deed of trust specifically allows us to require the borrower to prepay into an account to cover insurance, taxes, or any other unpaid obligations.

While we do not see income from these properties and are not managing them we do have a significant amount of depreciation and losses that have been assigned to us and carried over from the past couple years.I am invested in some growth/equity focused projects already and am specifically looking in reliable income focused strategies that are tax efficient provided the losses I have from my family.

I used my wife's LLC in the leasing document; rents are routed through my wife's LLC bank account.

He is the executor on the account and his real estate license is up on this and I have messages from him that would jeopardize his license but I don’t want to go that route if I don’t have to.

In 60 days I will have a good income but I’d rather not lose my car or be without electricity.

Guys I read a couple great posts here about HELOC for self employed businesses were there are many write offs to show an income on a tax return.  

Most investors walk a building, identify windows and other benchmarks and rely on these elements in coming to their own conclusion on unit layouts and unit count.