I was especially surprised to see that non-borrower household members could be included in the new debt to income calculation!!!

So, if the units each have a separate flood policy,  with the $250 fee totaling $2,000, it's possible to eliminate this cost. 

It all depends on what your debt to income ratio is.  

Credit score is currently about 710 because I have 90k in ccard debt.  

Given that I don't have much to begin with, plus my debts, it's a bit hard to let go of any significant amount.

They have a qualifying LTV score that gets deducted as "deemed appropriate" for properties in high crime, rural, blacklisted area, low purchase price in last 24 months and so on.. decreasing or eliminating the investors chances of being approved in favorable terms.  

Be careful about the other borrowing mentioned above - too much of that relative to your income will hurt your Debt to Income ratio and either prevent you qualifying for a mortgage or push your rate up.You also need to know what a good deal looks like and how to run sales and rental comps (or have a realtor who will do it for you - you want them to value the property from an investor's perspective - ie: most likely appraisal value after repairs).

They take on debt based on the job that pays high money will always be around.

Hello,I am a doctor with about 300,000 in medical school debt.

Typically the biggest issue is debt to income ratio, as both of those loan types are low down payment loans and typically have higher monthly payments.