20% or 25% Down - Investment Loan w/ Lower Taxable Income??

[Mandee H.]

Hi! Can anyone advise in the PA, NJ or FL RE markets re: getting a loan for either 1-4 units or more without having a large, taxable income shown on tax returns?  My taxable income has significantly dipped due to childcare reasons but my rental income from my rentals have subsidized this loss for the most part.  I'd like to acquire another property soon and put ideally 20% down, however I am concerned that my income won't provide borrowing power lenders want?  I know when I purchased my various properties a few years ago, I was told by my previous broker as long as the property is intended to be rented for an amount that will cover the mortgage, taxes and general expenses, my personal income would not be a concern and I'd be fine for borrowing.  I'm wondering if this is still the case.  Please advise.  I'm trying to sell a townhouse from my small portfolio and reinvest the money I hope to cash out with, I'm getting concerned I won't be able to do so.  Thanks!