This is because lower income housing has disproportionately higher expenses.

Here’s the breakdown:No income, no tax returns, no W2s, no extremely thick red tape.

I also want to have at least 1-2 rental properties just to have some passive income in the real estate space. 

Notice the common trends of no income tax(sans North Carolina).

Avoid DSCR if you can show income or at least 1 year W2 or 1099's only because the rates and down payments are higher.

If the proposed raise takes effect, it will provide a more broad-based increase in income.  

It was an 85+ year old house and had little issues, but nothing that was outside of what I expected when getting into it.I'm mostly curious what others are seeing as good opportunities these days and how difficult it is to manage something not geographically near you.My long-term goals are to build at least $250K/yr of income from real estate.

The IRS will get Apts.com version of your rental income, and if your reported doesn't match, big red flag.If you are referring to your tenant's credit scores, no they will not affect those unless you file for collection.

More info on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.

Since I didn’t have a lease in place, they used LTR income comps for the refi