@Chris,Interesting points but I don't look for FHA or Fannie/Freddie loans as my income varies quite a bit and I deal mainly in commercial properties so I'm usually getting a commercial loan that originates from a bank or credit union.

If you spend time learning how to manage well, your income will increase, you'll save time, and you'll maintain your sanity with the courage to expand.

We are offering you a No Doc Loan without any income verification for 6.5%.

Renting part of the home after conversion provides additional income and deductions.This post does not create a CPA-Client relationship.

I’d dig into this a bit more.Another assumption that stood out to me as potentially problematic is the 6% income growth and only 3% expense growth.

The investment city determines rent growth rate, appreciation, and income longevity.What determines rent growth?

One your loans will be a higher interest rate, next you will have annual filings, the cost of a registered agent every year, and items like that. 

Analyze properties by looking at gross rental income, operating expenses, and the debt service coverage ratio (DSCR above 1.25 for rentals).

Due to the university there I worked with a lot of incoming families and getting what they needed for their dorms.  

I can't just put the LLC's income directly into my joint personal tax return, right?