My dad wants to sell our home around January or February, so I’m planning ahead.I run my own clothing business, so I don’t have a W2 job—I've heard that can make it harder to get a loan.

How do you know 60k reno is really the price it should be, 60K is a MASSIVE job, Roof, 5- 8k, assuming, 25- 30 sq, Furnace $1700k, HW 1300, Spackle Paint, 3kish. 

I currently work a full-time job that pays really well.

And then I would schedule a call with @Kim Lisa TaylorGino

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Lenders will use your tax returns schedule E to calculate your monthly rental income.

Great Job!

Thanks There's a set section 8 rental schedule in DC.

Project size and asset class can greatly impact lease up schedule.

I don't understand why my taxes go up a few bucks when I change move an item (a kitchen appliance) from bonus depreciation to an expense on schedule E.