A good rule of thumb is this:  Be careful and fully understand the risks of "getting in bed with the government". 

If not, cut your losses, sell the home and learn from your first investment. 

Yes, QBO can take care of all of this and help you keep all that straight! 

Be careful with posts like these.

Now you are over $2k and only bringing in $2100… If you don’t care about the cash flow at the moment and have a good income that can support an unexpected large expense then you should be ok.

I stayed mostly with Multifamily as other sectors like Student housing, Senior care, Hospitality and NNN have too much risk for me. 

I targeted renters who pay on time, stay long-term, and care for the property.

I have worked with many lenders that will give you the run around, ask for more items, with no clear cut guidelines. 

Tax Policy: Proposed revision of high-income tax cuts to fund housing programs and economic stability initiatives4.

Or does this happen so often and they really dont care?