Great rental income, strong FICO, low LTV (60% or below), strong liquidity and PFS.

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.

I needed to find a passive real estate income stream that would work within the IRS’ self-directed IRA (SDIRA) rules.

They can sell tax free.

If investing in real estate was easy, everyone would have passive income.

FHA now allows us to count rental income from an ADU (additional dwelling unit) to help borrowers qualify.

Income side has been very consistent. 

To determine price range, the first step is always figuring our how much you are pre-approved for; and that can vary significantly when you are looking at multi-unit properties because of the additional variable of rental income that can be included in qualifying.

;however, my issue is that I dont have good credit and since im self employed I make.very little income.  Ive

You want a property that has the highest probability of maxing out on appreciation.Once done, you would want to explore the options below to maximize your rental income:- STR- MTR- Rent by RoomYou should go into this understanding YOU will live in the worst unit - in an illegal unit in the basement if you can!