There may be other ways to structure it, but yes, FHA would require him to qualify on income but if he has not been earning income as a wholesaler for 2+ years and has two years of tax returns to show for it, it is unlikely he would qualify.

I'm open to anything and have only stated that I can be proactively involved in the business to reduce operational expenses.Buying some properties for an Airbnb kind of business can be one example of such, as long as one knows from experience that it yields better than the standard 1%.

Net income is calculated after accounting for deductible expenses like mortgage interest, repairs, and depreciation.Depreciation is particularly important because it’s a non-cash expense—it’s a paper expense that reduces your taxable income but doesn’t actually require you to spend cash out of pocket.

Our understanding is that the right structure could help us manage and potentially reduce our W-2 tax burden.

We also tiled the entire first level because the property is partially built into a hill and this would help reduce moisture issues.We also added a stacked laundry center by the front entrance.

The rental income you earn should be reported on your tax return, and these expenses can help offset that income. 

For many, it might lead to longer hold times since the tax deferral incentive would be gone, possibly reducing real estate activity overall.

It ensures that borrowers are purchasing properties that have the potential to cover their expenses with rental income, reducing the risk of default for both the borrower and the FHA.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

The Legislature's intent was to help prevent homelessness, but I only see this as increasing costs and reducing flexibility.