If you don't want to occupy, there are other options that look at the income potential of the property and do NOT factor in your income, employment history or DTI but you'll have a significantly higher minimum down payment - plan on 20% to be safe.

Subsequently, employing the 1031 exchange strategy once the 27.5-year tax benefit deduction period has elapsed.- As I am not a finance expert, I urge you to conduct thorough due diligence in verifying this information.

DSCR loans are a great option for anyone that doesn't fit the conventional "box" - DTI isn't a factor, no employment info needed, no W2s, paystubs, tax returns, 1099s, etc. needed, you can close in an LLC if you want to and many lenders don't report to personal credit, so those loans won't affect your credit score/DTI for any conventional financing you might pursue in the future.

Ideally, my buyers are fully employed and financially liquid foreigners - be it from the US, the UK, central and northern Europe - either a single person or a couple with 0-1 kids, looking to live there right now, rent it out as an investment and then sell it, or use it as a future base for retirement.

You may also want to think about employing reputable property management company for your remote operations.

Hello everyone,This is for those who are employing the rental arbitrage strategy as their investment activities.

DSCR is great for Self-employed borrowers or business owners who write off a lof of debts and show little income.

However, it's essential to research local development plans, infrastructure projects, and employment trends to gauge the area's long-term growth potential.

I also verify employment so I do have a app other than the credit check service.

I've focused on less popular markets in middle America near hospitals, universities, and major employers that attract work-related travel.