If you have a 12-month history of the property's performance, you may be able to get some wiggle room with more local banks for it.One thing that may impact the lender's ability to lend could be the Debt Service Coverage Ratio (DSCR), but as long as the property cash flows well then that shouldn't be an issue. 

I want to invest in real estate to heavily supplement W2 to open up options and financial security. 

There is the possibility that the property could go to foreclosure without you knowing it.Lets say it does go to foreclosure and you thought you still had equity coverage but realize it sells out auction for $1,000 above the first lender.

If it is attached to the privately owned property it could be covered very easily and in some cases the coverage would be included in a standard homeowners policy.  

But the reduced complexity of the single member set up and the improved liability coverage that is similar to 2 member LLC guided us this way, as well as others good insight.

There is no “easy button”, that’s why we all learn from every transaction.There are thousands of commercials that claim to make you “lose weight by taking this supplement “ or “you”ll make thousands of dollars a week after buying my course “…please don’t be so quick to believe everything someone says, fact check!!!

IF, and should be only IF, the above does not work for you then you can do a debt service coverage ratio loan that will not do any of the above.

However, to get a bank loan you would need to have a debt service coverage ratio of about 1.2 (i.e. your income after expenses is 1.2 times the cost of mortgage payments).

A few months later, we received a notice from the lender stating that we no longer had home insurance and needed to secure coverage within a certain number of days.As it turns out, our original home insurance was canceled because it required the property to be owner-occupied.

If rent growth fails to outpace inflation, you have to get a job to supplement your diminishing rental income.Las Vegas Metro AreaBelow is a map showing the Las Vegas metro situation.Las Vegas is a small island of private land surrounded by a vast expanse of federal land.