1st Deal Lending Advice

[Kyle Cortez]

Hello BP Friends,

I am looking for advice regarding lending, as I am having a hard time getting approved for a mortgage. Currently, I am under contract for a 4-plex in the central Illinois area, have all of the money necessary for a down payment. 

The reason - I am a part-time employee, and about 80% of my income comes from bonus (tipped) income. Despite having an annual income of approximately 36k, I am often not meeting requirements to include any of that income because of being part-time and not having worked for the same employer for more than 2 years (although I have worked in the same industry for about 2 and a half). Has anyone faced similar issues or have strategies to bypass such requirements? 

Thanks in advance, 

Kyle