You should look into DSCR Loans - many investors like yourself typically move to this loan product once they max out with DTI/qualifying conventionally - a bit higher in rate than conventional mortgages - but no DTI ratio or tax returns/income verification makes a much easier qualification process and LLCs are 100% ok (even as sole owner) and actually often preferred.PS - published a 10-part article series here on BP last year on everything you'd want to know on these loan types - sharing links below, hope it can help!

We want him healthy and whole and productive.

can utilize the no income no doc DSCR loan which works beautifully and can take upto 80%  Really think we should stop using "no doc" to describe DSCR Loans - really isn't accurate and adds unneeded stigma around the loan product What types of "docs" do you require for a DSCR loan at easy street ?

@Allan Wu take into consideration that tenants are not going to be as careful as you would be, so make sure your lease states no flushable wipes, paper towels, feminine products, etc., that easily clog and that they’re responsible for repair if used.

We use a lot Zep products on our houses. https://www.menards.com/main/p-1642874257675632.htm?

Takeaway is having at least 1 medium term guest will yes have lower rent potential but less headache and helps stabilize income.Gross Earnings: $2,200Expenses: $75 supplies (we clean ourselves, takes 10 minutes, and it's right upstairs no biggie)PITI: $2,700We paid $800 including utilities and any little repairs needed to live here.When we move out, we expect to cashflow around $500 a month conservatively.

Short term rentals can be lucrative but come with higher variability and management needs.My Take:It might be beneficial to consider a mixed approach—drop the rent slightly under market value to secure a tenant and stabilize your cash flow, while simultaneously exploring the short term rental market.

If they don't want to be cooperative and productive and speak civilly, I will simply let them know the actions I will need to take and if I need to I'll take those actions. 4.

I know which product that you are referring to. the conventional mtg product has the following features. 1. minimum 15% down payment 2. 30 yr fixed term 3. rehab and repairs can be included in financing 4. borrower can be a first time investor. 5. no prepayment penalty. 6. the contractor will receive an initial draw at the closing table. 7.

It's a product of people wanting to hit the easy button.