I have a similar concern for the first few properties obtained without years of tax returns. If you are personally guaranteeing mortgages and are on the note as the borrower, yet monthly income is going to your LLC(s) which were set up after closing, how will underwriters view your Debt to Income ratio? Each property has it's own LLC and bank account for which rents are deposited and expenses paid, but if one does not extract money from these business accounts, how can you keep increasing personal debt without increasing personal income? I understand that a signed lease is one method but you cannot even use rent deposits as they are being made to a business account that, on paper, has nothing to do with the proposed new loan. Is that correct?
