I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

If i were to ask you what a 3 bed 2 bath 2000 sqf home on an average lot is selling for and renting for you should know the answer off the top of your head. 

My lender for the Bay Area said that when calculating qualification, they would have to assume I would occupy the largest / most expensive unit and that cannot be included in the calculation.

recurring expenses?

Too many headaches, expensive to upgrade.I don't like it.

That one went for about 6 years and was kind of expensive.

I would leverage your cash as much as possible while making sure you have reserves to satisfy lenders and cover any maintenance/cap-x expenses or vacancy you may experience in the first year while you figure everything out.Orlando doesn't have a lot of good multi-family but the growth here is great and landlord friendly.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Tax: You can show expenses for rental property both in LLC and in your individual tax filing. 5.

My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth.