Quote from @Mordechai Chaimovitz: Can someone please explain to me why people are buying 2 flats that rent comps show $4,600 a month in income for 665k+?

Everything I'm finding says 27.5 years due to it being rental income but others say 5 years because it's an RV.

They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.

If your firend wants to stay in the place AND has the funds/income to do so, they need to refinance in their name ASAP (as part of the process), not 5 yeas from now, not if they remarry, not 10years from now.   

On a commercial asset the value is directly based on the NOI (net operating income).

Fake income documents are easily purchased online, and inexperienced screeners often miss red flags.

Other software also has bank feed integration, automated income tracking, receipt scanner, accountant-approved reporting, etc.Of course, it totally depends on what features you prioritize! 

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.

Velocity banking works by taking a huge 'chunk' and putting it down on principal, then paying down the HELOC with every penny of income you get.