In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.

You can find it through the MNREIA web site or email me if you have any troubles.Type @ and the first few letters of a person's name to link.

There are any number of Real Estate schools available to you, so choose the one that compliments your learning style, whether that be online or in person or a hybrid. 

CPAs generally have more knowledge about general accounting but it is ultimately up to the individual person to take it a step farther to get more specialized.

I think I was having a hard time seeing the value of turnkey properties because of my personality style with regards to investing and wanting to trade up quickly.

I spent many years managing myself and personally collecting rent checks. 

It will be even harder as a young person with no life experience, and particularly no experience buying real estate. 

Any insights or personal experiences would be greatly appreciated!

Hi Duarte,What makes DSCR loan fascinating is that it does not verify personal income.

Your IRA can borrow, but you have to be careful to not personally guarantee it.