Need help/advice/suggestion for tax and Mortgage structure

[Jaydeep Deda]

Scenario:

I started buying condos beginning 2011. Each year I bought 1-2 properties which needed extensive work.

To build my rental portfolio and offset taxes, I used to buy properties that needed work that was equivalent to my rental income. For Eg. Property A (Rental income $5000/year) + Property B (Rental income $5000/year)

I would buy Property C that requires $10,000 worth of work so that I can list that as an expense and break even on taxes.

Due to this, the taxes I had to pay were negligible. Besides that, I don’t have W-2 either (quit my job last year. Able to survive from savings)

Facts:

Out of 10 properties only 1 has mortgage, rest paid off.

All properties are under my name and have no LLC. (Which I should have done!)

Issue:

I am unable to get good rates for mortgage as I have no income on paper.

Question:

Is there a way to get better rates on mortgage?

What are my options