So, yes, the lender will underwrite your property and base their decision on how they think the property will cover your debt service, but they also want to know you have the ability to step in if stuff goes sideways.

DTI is probably 1000X more likely to limit your ability to get a loan than credit pulls associated with all the loans you have gotten and are paying.

Granted this all really impacts the ability to get highest and best...but it'll ultimately get UC if priced right. 

I did this on my first, as there was no way I would've had the ability to put 20%+ down on anything.

I was (and still am to some degree) in the situation as you Dave.

This gives you the ability to shift the Property Management work to another company without screwing up your cash flow completely.Change your mortgage to a 30 year loan. 

Holding on to false beliefs is even more damaging.I would argue that self reflection and the ability to change our mindset extremely important.

And what if mortgage underwriting guidelines tighten up (they already have, to some degree) and call for additional reserves and a higher credit score?

Feature request- ability to edit a post!

I come here from the BP podcast- I am currently living in Asheville NC but moved here from Minneapolis MN after playing for the University of Minnesota Golden Gopher Baseball team and graduating with a business degree.