thanks everyone for the replies, just getting back to this thread I will review in more detail.

Focus on growing your business profile to transition away from this.Documentation: Lenders often request detailed financials and tax returns.

Proximity is a plus for managing the property, but make sure to run detailed numbers to confirm the cash flow and long-term potential align with your expectations.

Can you explain this section in more detail?

Most folks protect the furnishings with a security deposit, would make sure that is detailed in your lease agreements

A few of the details and questions I have are below.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

They will generate a report to you based on their findings.Type 2 - conducted by an engineering firm where they will have you complete a questionnaire.The questionnaire will ask you details regarding the house and therefore, I would recommend having a home inspection or appraisal at the time of completion.The above two studies have pros / cons and differences in cost and turnaround time.Best of luck.

I can’t tell from your post if you lived in the property during renovations, if this is your 1st flip, if you rented it, or your intent at purchase and these are important details that have significant tax implications....

You don't need to include the specific details on where the security deposit is held in the lease.