When can I quit my W2?

[Erik Epperson]

Hello, new here. Currently waiting on hearing back on my appraisal for my first house I'm getting out of.
I want to invest my profit into 1 or 2 multi family duplexes.

I am curious at what income level based on rental cash flow i would need to still qualify for a loan. I have potential job opportunities else where but will purchase a duplex before thinking of leaving the area. I know once I leave my job I will no longer have that work history and steady income the bank expects to see. So at what point can I use my rent as "steady income?" I ask this because once I have enough for another down payment I will want to scale to more properties. 

I am in the Indianapolis Metro area. I can currently find multiple duplexes under 300k. I plan to rent by the room. And possibly convert extra space(dinning room ect) in to bedrooms. 
With the high cost of rent in Indianapolis (1000-1500 for a 1 bed room studio) i believe I will have allot of cash flow even with the current interest rates. I personally know several people paying $800-1000 for a single bedroom. And in 2016 I myself paid 750 to stay in a bedroom in a 4 bed house that was full. Based on the area,my rent alone was covering the mortgage, let alone the other 3 tenants. Ever since i lived in that house iv been dreaming of doing the same but it wasn't in the cards yet.

Also if there is any one here who invest in Indianapolis please message me!

[Ken M.]

Quote from @Erik Epperson:

Hello, new here. Currently waiting on hearing back on my appraisal for my first house I'm getting out of.
I want to invest my profit into 1 or 2 multi family duplexes.

I am curious at what income level based on rental cash flow i would need to still qualify for a loan. I have potential job opportunities else where but will purchase a duplex before thinking of leaving the area. I know once I leave my job I will no longer have that work history and steady income the bank expects to see. So at what point can I use my rent as "steady income?" I ask this because once I have enough for another down payment I will want to scale to more properties. 

I am in the Indianapolis Metro area. I can currently find multiple duplexes under 300k. I plan to rent by the room. And possibly convert extra space(dinning room ect) in to bedrooms. 
With the high cost of rent in Indianapolis (1000-1500 for a 1 bed room studio) i believe I will have allot of cash flow even with the current interest rates. I personally know several people paying $800-1000 for a single bedroom. And in 2016 I myself paid 750 to stay in a bedroom in a 4 bed house that was full. Based on the area,my rent alone was covering the mortgage, let alone the other 3 tenants. Ever since i lived in that house iv been dreaming of doing the same but it wasn't in the cards yet.

Also if there is any one here who invest in Indianapolis please message me!

Your question: "When can I quit my W2?"  When you no longer have to ask that question.