@Jason BartonI am a mortgage broker in Texas and have access to several lenders whom do DSCR loans.In a nutshell:Income, Employment, and DTI aren't a factor.It's all about the property, your cash down, and credit worthiness.The DSCR calculation is generally NOI/PITIA = DSCRSome lenders will go as low as .75% DSCR but will want more money down. 1.00% is the standard, some drop rate is over 1.25%.

Any thoughts on the area in terms of safety, demographics, CBD access etc.

I’ve heard theories ranging from hedge funds restricting supply to drive up prices and talk of shadow inventory waiting in the wings for foreclosures to start again.

@Dave E.Thanks for the advice, that definitely makes sense.Aside from hard money or asking friends and family, are there other avenues to accessing capital for down payments you like?

There is an old LA Times article that came up saying 15 people was legally OK in a one bedroom, 800 sqft apartment.There is also a bunch of articles that say landlords have the right to restrict the number of people in a unit and using the 2+1 rule is probably safe.

Whether you're retiring at 65 or 85, having access to tax free refinance proceeds and decreasing your cost of capital by 200 basis points is a no-brainer.

You probably will have limited access to a senior consultant.A local attorney can probably also do a 1031.  

Hi @Sandy Pathak,I am a mortgage broker in Texas and have access to all kinds of funding options.

Your broker may not have access to carriers that can write this but many independent agents do.

Quit my job today so won't get access to funds for a few weeks but will need to move fast.