So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000. 

Now the job is almost done and management company is asking me for work compensation and insurance say I have un-authorized job done.  

Maybe consider a conventional reno loan like the Homestyle or CHOICERenovation. 

Tariq  It depends on the type of loan program.If it's a Freddie Mac loan 6-7s depending on PPP, LTV, Fixed Term, and location. 

FYI - licensing and insurance are two DIFFERENT things!

More on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

Consider whether an LLC is right for you—it can provide liability protection but isn’t essential for a single property, as personal liability insurance and an umbrella policy may suffice.

She is not in a position to lend a personal loan to me. 

Listing sites like Airbnb and Furnished Finder, and B2B relationships for referrals, insurance, and corporate bookings.

Hi Pegah, consider this -renters insurance may not be available at all during the entire time they lease from you.