., using a full-doc loan... if its schedule C, you would need to do a 2 year average of this income in order to use it. its looked at as a business, and self employment income. if its schedule E, theoretically you could use the schedule E income calculations just like any other rental even after the first filing.

Between your standard W2 . employment income and the rental income generated - those would be the deciding factors between a traditional cash out and a DSCR loan.

It's certainly more of an appreciation city as a whole but theres a couple of strategies that could be employed such as STR's/MTR's in the form of rent-by-rooms to make properties get much closer to cash flowing. 

If you have self employment or gig jobs you need 2022 and 2023 IRS taxes filed and all the pages/1099/w-2/LLC/Corp/personal and 2024 income.

A more cautious option could be to employ another house hack if cash flow and stability are your top priorities.Local Market Dynamics: Recognize the peculiarities of the real estate market in your community.

Remember, a credit score isn't everything, so stick to your screening criteria but also consider rental history and employment.

This policy should outline your criteria for tenant screening, including credit checks, rental history, employment verification, and background checks.Renters Insurance: Renters insurance provides financial protection for tenants' personal belongings and liability coverage in the event of accidents or damage within the rental unit.

Brokers will employ virtually anyone who holds a real estate license, which is easy to obtain, give them minimal training, and then send them out in the hope that they have a sister-in-law or friend from college who wants to sell their home.

Seek professional guidance from experienced agents, property managers, or investors to identify hidden gems, negotiate favorable deals, and navigate the complexities of the real estate market more effectively.By employing these strategies and conducting thorough due diligence, you can increase your chances of finding cash-flowing properties that align with your investment goals and financial objectives.

if you intend to live in it, there are strict ATR rules for consumer loans. this means the lender will have to qualify you with income one way or another. if self-employed, you have a few options that will eliminate the need for tax returns.