The next step would be to begin talking with lenders near you and see what kind of lending terms and rates you are able to qualify for.

Your efforts are counted as one "individual," so both of you collectively need to meet these thresholds to qualify for material participation and potential tax benefits for your STR.

You can also do a stand alone DSCR second mortgage if you cannot qualify based on your personal DTI. 

It gives a 50% discount off the listed price for qualifying homes in revitalization areas.

@Lee Dunne your wife doesn't need to be a property manager to qualify for REPS. 

The part that goes unsaid for those that toss around BRRRR like it is some easy, push the button transaction is that most properties that would work for a BRRRR do not qualify for conventional financing.

I would like to connect with you for a possible partnership with our experience portfolio for a slice of my equity on my upcoming project where I needed an experience partner like you to qualify of my funding... you can text or call me at 4154836120... thank you Israel

Build your credit today so that you can qualify for a loan.

In the near future id like to move out and purchase another similar property but I'm trying to maximize my income and property performance before hand to give myself the best chance at qualifying for a fha loan 3.5% down.

I qualify for up to 850k at the absolute MAX and I am able to pick up a 4 bed 2 bath in the San Gabriel Valley.