Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

Once the project is completed, the plan is to than refinance into a conventional mortgage. 

The one thing you need to know is that buying the next deal (home/SFR/Townhome etc.) will stall you from buying anything on FHA/VA (gov backed) for 2 years and conventional for 4 years.

Paying a f/f conventional loan early is boggling to me.Best wishes

There might be some hoops to get through with conventional financing with your income situation, but if that doesn't work, you could use a debt service loan.

Finding something on Zillow and taking a swing just doesn't work unless you can pay cash for a property that does not qualify for conventional financing. 

I live in Jacksonville FL and Just bought my first Duplex in Ashtabula OH.I have a licensed Real Estate Agent, Licensed Property Manager and two Lenders (conventional and Hard).To be honest this is to be my retirement.

DSCR loans will not be advantageous when compared to conventional loans.

It’s not the most conventional inventory, but there’s been a fairly consistent pipeline of retiree buyers from what I’ve heard.

9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.