Sometimes, there is also a tenant already in place which means you can start generating rental income from day one.

The problem is, that's not proper accounting because a credit card is a liability, and doing this workaround will reduce your assets rather than increase your liabilities, which totally messes up your balance sheet and debt-to-income ratios.  

In 2022, half of American renters spent over 30% of their income on rent and utilities, the highest percentage ever recorded. 

It's early, but it looks like we'll earn around a 8-9% ROI.

Much of this is due to the fairly low actual prop tax (rate actually paid) and that there are so many income brackets (many people pay no state income tax). 

Many real estate investors opt for a fix-and-flip loan because they’re relatively easy to obtain: no personal income verification (no DTI requirements), and you can often borrow up to 90% of the purchase price and 100% of the rehab costs.

My bank account is connected to Stessa to eliminate the need for me to manually track income, expenses etc. 

The mountain house has taken almost 2 years of breaking even and using some of the income on improvements until we have been able to cash flow.

They generally treat the debt like they would with a rental and count around 75% of the gross mortgage payment as "income" in the DTI calculation.

Did you achieve your income goal?