Is there a new rule must show rental income on taxes for refi?

[Tamara R.]

I am trying to get a refi on a BRRR property for a sizeable amount I will be able to pull back out of it.  I was just told that you can no longer just show rental receipts, that you have to have it claimed on your taxes and preferably for 2 years but maybe one is acceptable.  I dont have rental stuff yet on this house but I just finished a prior BRRR last year on my first one and they want the rental income to count for income and I wouldnt be able to write anything off on it to do so.  I was going to wait to file until after my refi in Feb so my write offs wouldnt go against my income.  I want to claim all my write offs as I have a ton on both of them. I was told not to if I wanted the bigger loan because with that much of a refi amount I need to be counting the other rental income of the one I finished right before to qualify for the new loan.  This brings up a bunch of issues I wasnt ready for.  A. Now I cant write off all the things to decrease my taxes that I have.  I am thinking that what I write off is free money not money I am getting a loan on so maybe I should just decrease what I can pull out vs paying taxes on my write offs and not having to pay that back in loan form and just get what I qualify for in my W2. I dont know how much that will be yet and will have to see. I am not sure if this is true, or if there is a better way around it.  Everyone talks about write offs and getting the next BRRR but I dont seem to be able to do both.  To those who have done this before what do you suggest or has anyone made it through this problem?  NOt sure how to do this. Any good investor CPAs out there in Oregon?