There are no income checks, DTI, taxes, or W2s involved.

Even if you use a large amount of cash for the down payment, you can always do a cash out refinance in 12 months to pull out some of the cash "Tax Free".  

Section 1031 tax deferred exchange where the proceeds from the sale of the Property are used by a qualified intermediary to purchase like/kind property.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

But there's more paperwork and rules to follow.Think about how comfortable you are with risk, what you want to do with the property, how taxes will work, and if you're ready for the extra work an LLC brings.

They also offer low documentation and no-income verification loans (based on cash flow and bank accounts, not on tax returns- perfect if you 'write down' your income or if you are self-employed.

Don’t forget, that 40-60k less that the new property is worth will also be taxed.

But, you lose the split with broker, and the income is fully taxed including self-employment tax. 

This is why the spreadsheets that analyze real estate investments include lines for vacancy, all expenses, taxes, capital expenditures, etc. so that you can be very certain that the asset can pay the loan payment each month and you don't lose sleep.

I have even had situations where I had to amend my taxes because the tax person screwed up.