Very affordable Duplex has been solid cash flow income for 7 yrs and counting.

I have some friends who are also very interested in investing here too, and they are counting on me to build a team, or find some key players with boots on the ground that we would be able to work with.

From what I understand, the banks only count the rental income from your 1038 Form on your tax return.

Forgive me for tooting my own horn: I have been at this 15+ years and last I counted, have done over 750 deals.   

@Kevin Wareham also 1 more question : will the home possible loan count projected rental income as income towards the mortgage payment?

Those can count as experience with some Hard Money Lender.

@Lexi Teifke Count me in as well.

Three percent rent growth has been recent history, but you don't want to be counting on that to give you your returns. 

First most lenders will not count your rental income until you can show at least 2 to 3 years of that income.

I drove by and counted the doors to make sure.No details on rents, etc. but again, at least $650 is a conservative estimate for the area with a possibility as high as $800 or $900 if in good shape.