The income they use is a 2 year average and you cannot write off a ton of deductions.

I couldn't do that recently any time I had a buyer, constantly dropping everything to scramble, show and write in case they present early (which they did frequently, even if they promised they'd honor a deadline). 

However, we’re unsure of the implications, especially when it comes to writing off our W-2 income through business expenses.

https://www.biggerpockets.com/forums/12/topics/1171104-the-m...Agree with all the other posts regarding cashflow essentially being a function of how much equity you put down,  and leverage is more expensive now.

I can get 10% down, cash flow, get the tax write offs and still control the property (refinance) to deal with any due on sale call.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I’d then write “No longer at this address” in pen on the front of the envelope, and take another pic of the envelope at that point.

This amount is fully refundable for any reason if you do not execute a loan commitment with us and you request in writing within thirty(30) days of the date of this letter the return of the $10,000.signing of the loan commitment, a commitment fee equal to five percent (5%) of the Financing Request is due; three percent (3%) would be payable at the signing, and the remainder would be payable from the loan proceeds at closing.

Before you get any further, if you haven’t, I would highly recommend writing out your investment goals, your reason for investing, how active you want to be, if you want invest close to home etc.

I see this mostly with new and inexperienced investors which is why I wanted to write this post to help newer investors avoid some of the pitfalls I see every day.