I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

It would be worth connecting with hard money lenders on bigger pockets to learn more. 

Hi all, I'm just starting out in learning the basics of rental properties.

I didn't choose this profession per se; I'm actually disabled and needing to do this to supplement my income (although I have felt immense appreciation for the good tenants and proud of the way I continue to learn).Now I am in the process of my first eviction with regards to my current basement tenant (they're just not paying me rent, everything else is fine with this person but their financial excuses have been hard to keep track of since the beginning).  

I am definitely willing to learn about this business and property management as well.

Hi Taylor I’m a fellow Canadian, welcome to BP, I’ve learned a lot from here and happy to share with others.

Have yet to expand and it was because of several mistakes I have made but and holding strong and learning so much.

Tax Returns: Request copies of the individual's previous years tax returns will confirm there yearly income and account for expenses and liabilities.4.

However, Batch, propstream and propwire are great places to learn the basics. 

Hello, I want to learn about real estate investing/ owner financing and I am thinking perhaps this place is a good start.