Couple this with the "Cash Distributions from Capital Transactions" clause and you begin to see the real problem.

If the interest rates come down, I can transfer the property back to my personal name, refinance, and then transfer the property again to an LLC or trust.Second and most important thing, I would like to get an idea of what type of property to purchase that best suits for STR in Chicago area , near by states like WI or MI also I am fine as long as it is closed to Chicago. 

Or long term property management? 

You can get a DSCR loan with a $55k minimum as long as the property value is at least $75k.

What if you show low income on paper is there still limits, it seems almost as if someone making minimum wage or even no income could buy a million dollar property otherwise as long as it showed a net positive to their DTI?

Thus, bringing the borrower’s principal and interest at $1,949.63.Net Cash Flow for this may equal $808.66, with a 14.12% Cash-on-Cash Return.In this scenario, the borrower is looking for $68,746.00 to fund the Entry Fee.

At $490, it would cashflow around $195/mo and have a Cash on Cash ROI of around 9.9%. 

Purchase price: $560,000 Cash invested: $55,000 The strategy going in was part live-in-flip, and part ADU value add.

In the last 12 months, my company (LLC, sole owner) did over 1.2m in revenue, and i have cash to put a good % LTV down.  

Also, love to work out as much as I can in things like running, bicycle, jumping rope, and lifting weights-no ripped or jacked by any means-but thinking in the long term benefit (like in real estate).