Worried about tax evasion, money laundering or funding terrorist groups and Cartels.  

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

This means no DTI, personal income verification, or tax returns are required.They’re also becoming a powerful tool for BRRRR investors during the refinance stage.

In addition due to prop 13, the tax base is a fraction of if it sold today.   

I would consider staying with your parents and investing in another market that stretches your dollar and covers the cost of a professional property manager.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

.: I think you meant to type was… Thanks @Jeff S.for your free professional advice.

In order to defer all tax you must purchase at least as much as your net sale ($500K ish). 

These are professionals with additional training and a stricter code of ethics.