Second property was personal savings plus every penny that I made from the first rental income.

For most of these markets, the rent-to-income ratio, a key affordability metric, is already above 30%.

Zeke, This is really dependent on how much $ you can qualify for, if you have the income history to be able to qualify, and what location you are looking to invest in. 

Great income property

You cannot get a business loan or line without net income on IRS taxes.

Do they want consistent stable income?

To get $10000 per month in cash flow, I’ll make some assumptionsMultiply $10k by 1.25 DSCR to get your monthly net income= $12,500Multiply times 12 to get annual net cash flow = $150k NOIFor information’s sake, assume 50% expense ratio, so multiply $150k x 2 to get an EGI of $300kAssume a Class B in those Texas metros, assume a 5.5% cap, so divide you NOI/Cap Rate to get a value of $2.7MAssume $100k per unit, so you’re looking at around a 27-30 unit property.

Often when I make an offer on a property I put the offer in my name and add or an entity I have an ownership in.I would suggest that you open a separate bank account for the LLC that all income and all expenses go through. 

Great, only one state return or possibly none if you are in a state without an income tax.But if your properties are scattered across multiple states, there are more state filings and more work.I think if you want to get valuable feedback from people who respond to your post, you want to ask how much someone pays and potentially how many properties they have.Best of luck!

I have used them in the past when I had a client with unique needs (no income verification/self employment loan) but have not yet used this product, as it is brand-spanking new.