When you have a good grasp on these topics, you'll want to read up about the different types of LLCs and how they affect your tax burden.

Or, if you're like many, step 1 is networking with local investors so you can build a buyers list.When you say "once I find a property that I'm interested in," it sounds like you don't really have a grasp of the process. 

Big fan of the community :)I am still grasping a lot and have loads of questions.

I know I have to get an appraisal and have closing cost but im not sure how it works.Im just starting to read up on it.I kind of understand a HELOC but is not really grasping COR.Im trying to do the BRRRR strategy but with my own home which I will eventually rent out.

Sounds like you've got a solid grasp on the numbers.

The only time we ask for tax returns is in cases where the applicant does not have paystubs and we are trying to get a grasp on their income. 

From there, you'll be able to submit appeals for each of the reasons listed that you disagree with, to your mortgage broker.All of these things should be done first, prior to attempting to have a second appraisal done, as that's more like grasping at straws.

There are also caveats around W2 income - If you are a first time buyer, FHA loans could still be within in your grasp if you furnish additional documentation like 2 years of tax returns and 1099s.WholesalingWholesaling is the method of 'purchasing' a property by having both you (the buyer) and the seller sign an purchase agreement for a property.

I also recommend choosing a realtor/broker who works in the investment/income market who will have a better grasp on valuation.I'm sorry you didn't get the result you expected yet impressed that it is cash flowing well. 

I'm planning to differentiate between the three using the locations feature on QB.I think I got a good grasp of how to manage our businesses, but the rentals are giving me a harder time.