You access a Commercial Lender in your area; local, not one of the National Banks.You present the PnL for the property you wish to buy and apply for a Commercial Loan.Typically, SFRs will not produce sufficient cash flow to qualify - - the bank uses a DSCR number to determine if the property will be self-sustaining.Investing in multiple units 5+ or even 2-4units will get you into the commercial arena and an asset that not only cashflows better, but is easier to manage imo.

@Peter Schuyler good job my first deal wasn't  supper either but lead to connections that produced good deals before prices went up and inventory's dropped off.

Without changing the price, higher borrowing costs would produce a lower leveraged IRR so a lower acquisition price is needed to achieve the same leveraged IRR that you had with the lower rates.

They produce a report automatically about any property I'm looking at including comps and rentals.

For 30 yr income-producing rentals we require a minimum 1.1x debt service coverage ratio (measured as net income for the property divided by the loan payment).

I'd LOVE to do a flip (for more reasons than just the money) but my tiny portfolio just isn't producing enough cash flow to get me comfortable enough to pull the trigger.Best of luck.

You or someone listed on the application has not produced identification sufficient to verify your/their identity, work history, credit history or criminal history._____7.

It makes little to no difference what you choose aside from the fact that you want a job that produces the maximum income possible to support your personal goals in life.

Hi Jeff,I'm a WA state real estate broker who can produce attorney-reviewed documentation accomplishing precisely what you need.

I imagine they would want us to demonstrate some source of continual income and probably produce tax statements.