How would I go about getting approved with no income history?

Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.

Adding extra income streams, like charging for utilities or offering laundry services, can also help improve cash flow.

@David LewisRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Currently, I own a restaurant in Florida that’s generating a decent income.

Investors tend to incorporate in either Nevada or Wyoming because the corporate veil is the hardest to pierce in those states.As for market selection, there are great opportunities in the Midwest and Southeast.

They don't require employment verification, income or tax returns.

SunCoast has a corporate culture of lip service and excuses.

I have a template that I use that includes projected income and projected expenses and I run the calculation myself, but if you like ones that do it all for you in addition to what has been mentioned above AirDNA has one as well.

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