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.

@Pratap Bhandari Typically, max LTV for office is 70% but that is generally found in primary and secondary markets. 

Last thing I would suggest is to start with house hacking strategy where you buy a home as your primary weather it be singe family or 2-4 unit and rent out the other units or rooms.

I've driven by many times in the past, it looks like some differed maintenance. 

There is no magic words, different situations and people will dictate the conversation.

We have a line of credit that funds the rehab costs.  1, Form an LLC if you have not already. 2,Track all of your expenses accurately.  3,Talk to a CPA about what you need to track and how (Ex:  new appliances for a home are taxed differently than flooring or paint, insurance, Mileage, disposables, tools, etc.) 

However, I've heard many mixed opinions from different professionals.

There is not a specific type of client that all lenders desire since every one has a different credit box.

Simplifying the processes, laws and regulations into a few basic scenarios when in reality each state has a wildly different set of rules, laws and procedures and each county and often municipality has their unique set of procedures within the state3.

You will convert from normal income (rental) to interest income which is taxed differently.