Since we were discussing bank statements, most lenders will want to see the ability to repay (in additional to having paid on time) and usually a minimum of 3-6-12 months of equivalent mortgage payments in reserves.

If you embrace the ability of real estate to replace your current W2 income job, this could be the first step toward doing that.  

Leverage tends to adds risk, I always recommend having the worst case backed up by, long term job prospects, other liquid assets to cover losses, an/or the ability to take measured risk more than once to even out uncertainty.The richest individuals use leverage to their advantage all the time, but it should be used with care.Zach

I’m still working on my website which will have the ability to create a mailing list from leads and be a tool I can provide people with.

If mom and pop did poor marketing and you bring in professional-grade internet SEO and other methods you could theoretically double your revenue in one year without any additional cap-x.

You nailed it with some of the ways buyers agents can work with their lender in solidifying their financing ability to go out in the market and get the property they want.   

Nearly all of these options will hinge on your ability to produce that level of income once complete.

It's where landlords have the ability to submit evidence within a week or two of the dispute being filed by the tenant, and then the tenant's bank reviews everything.

I know it's been asked & answered many times but since there seem to be so many new companies out there, hoping for an update...Looking for STR management software recommendations, and one of the features I'm particularly interested in is the ability to have instruction guides for the guests for how to work different things in the house.Thanks!

With any house-hack comes some sacrifices as well: factors such as location, value-add vs turnkey, size, rent to price ratio, short-term vs mid-term vs long-term renting, and your ability to jump into the next one quickly all depend on you as the buyer.