Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)

It's your property and investment.Of course you don't want the maintenance person taking your $300 set of a steak knifes.  

@Doug Smith Another conversation to have would be: do we need the Fed at all?

It took a while to get right - but we've had consistent success using a mix of research, mindfulness towards our neighbors/neighborhoods, conversations with cities, legal discussions, and as a worse case fallback is converting the home back to a single-family property and where we offer to manage it for a discounted price since it is a tough situation for all involved (this is very rare).Hope that answers your questions/concerns - let me know if I can provide any additional info as well.

House hacking will also give you some personal "property management" experience.

i don't see how you do it unless either (1) you are there in person or (2) you have a trusted team on the ground. 

We've also been exploring properties in person.

Ping me if you're personally interested to help shape it or reply if you have features/capabilities you would love to see.

We have in-person meetups once a month in Northern NJ.

Its what I'm doing...You aren't the first person in this situation.