While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

If it's DTI and they are giving you a hassle on using rental income from the departing residence - you can usually work around this by ordering an appraisal on that property or showing a lease agreement dated after your departure.

Both my husband and I are W-2 employed with a combined income of $185KWe are not planning to flip the home.

You are paying 8% interest on all that money that is not being invested which means you are paying 8% with no income on it coming in the door.

In my opinion: Your current income is a major factor. 

Accounting Simplicity: Creating a specific bank account for each LLC can streamline accounting processes, making it easier to track income and expenses for each property.

These loan programs take your good credit, the property value, and the property income into consideration for what size loan you can get.As for your rehab loan, I think that sounds like it is pretty in-line with what I see for the two dozen programs we utilize. 10.5% to 12% with interest on drawn funds only is where I try to peg most client deals.

Overall economic conditions in the Austin metro (job creation, corporate investment, unemployment, etc.) still look very robust and promising for this decade and beyond.

I am not excited to have to put a lot of money into the property, but my ultimate goal is to continue to build wealth and passive income through real estate.

Plus, if you purchase with an entity in a DSCR loan, it won’t impact their Debt-to-income or their personal credit leaving it available for their own personal homes.