Most investors jump into a DSCR application to buy a property but then find out after the appraisal it will not work.

@Paul De Luca we've been dropping rents, and getting prospects to show up, but we're having a tough time getting past the application stage to lease.  

Fees vary, but expect a few grand between permit, plan review, impact fees, and utilities.My advice — do a pre-application meeting with the city or county before you close on land.

This part of town seems to offer more affordable options while still being relatively safe and convenient for students.The goal is to:Provide housing for our daughter and her friends starting January 2026 (spring semester).Structure the purchase as a primary residence, so we can qualify for better mortgage terms.Include myself, my husband, and my daughter on the mortgage application to strengthen our position and meet the owner-occupied requirement.Convert the property to a full rental down the road once she graduates.We think the $30,000 should cover a 5–10% down payment plus closing costs under the primary residence structure, and the property would serve as both a short-term housing solution and a long-term investment.Would love advice from the community on:Does this sound like a smart way to combine student housing with a first-time real estate investment?

In one he checked the box on the application that said he or no entity he was involved with had ever file for bankruptcy.

Either way, the income still ends up on your federal return, you’ll just have to file in Texas if your gross income is in millions (probably not applicable to you right now).This post does not create a CPA-client relationship.

In my experience, you will have no shortage of Section 8 applicants if you advertise a listing that fits the bill.

The turnaround is fast — often just a few days from application to closing — and on average it only runs about $10K out of pocket per closing.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Late to the party but I find it is usually due to an angry applicant who got disqualified due to being low credit score, or some of the other red flags that indicate a low performing tenant.