Additionally, applicants can (optionally) upload tax forms and bank statements for our review.If you're looking for a website you can utilize on your own @Bruce Woodruff mentioned a couple that are popular.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

they said around 90% of market value.I tried to get them to understand that this property needs a LOT of work, almost a full gut, some holes in walls (small) old carpet needs to be ripped up, i mean like the works on this thing, you can prob get away with touching up the kitchen since its real hardwood and the bathrooms as well but this prop needs at least 80k.Found out owner actually owes 140k on property, and zillow is zestimating it to be 127k.

The homeowner has direct title, can sell at any time and gets 100% of the appreciation and tax benefits on these houses.

Most cities don’t want a mobile home park in their city limits because the tenants take more money out of the tax system than they contribute.

You filed two full year tax cycles and the numbers are similar (no greater variant than 1%) they maybe yes.Generally depreciation is added back as income BUT only the 40% portion you own not all of it.

Be aware of tax implications: rental income is taxed in the property’s state and reported on your California return, with deductions for travel, depreciation, and expenses.

I had constant issues with the local government and the taxes were absurd.

Other advice, especially that pertaining to tax benefits, is also highly appreciated!

Currently, interest rates, taxes, and insurance are very high, making it difficult to cashflow with downpayments that are below 40%.