Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.

Building a network of agents, contractors, vendors, and tradespeople is something I've spent a lot of time and energy doing, and it is immeasurably valuable in being able to do this.  

If you were green and new to this game, would you find the book that was recommended from a BP staff member valuable?

Additionally, I'm hearing at meetups that this could extend to multi-fam under 4 units as well, although I haven't been able to confirm.I work exclusively with smaller investors in the multi family space and would be happy to chat more about it.

The only additional thing we do is send them to collections.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

Incorporating a washer-dryer hookup in the main house could be advantageous.This addition not only increases the convenience for potential renters but also adds value to the property itself.

In addition to being illegal, if we had not caught this, (thanks Diogo!)

So, threatening that means the tenant could lose something they waited years for and is very valuable too them.

I used the 75% rule on the income and added it and my DTI without the rental goes from 24% to 38%.Or does it just allow me to just take the net profit of that rental and add it to my rental?