.), you do not need any forms—just keep track of your spending to share with your tax advisor at the end of the year.The best way I’ve found to keep track of expenses is through a credit/debit card that is dedicated ONLY to your business.

Then what happens on paper a property looks like a cash flows very well, then when you add in vacancies repairs and life in general, they end up having to start using credit cards to pay for things and get caught into that spiral To answer your original question most real estate investors are not buying a property every year.

The Small Business Administration (SBA) defines Business Credit:Access to cash and credit is a business’s lifeline.

You may also claim a foreign tax credit if you pay local taxes on the rental income.

It really depends on how lendable you are without the 135k - job + savings + credit - if you want to parlay that money into more.

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

@Jason Staine I used my local credit union where I also have personal and business accounts. 

When it comes to qualifying for a loan like verifying your income, credit score, debt to in come ratio etc, will it help to say that I receive additional income from my househack tenants aside from my w2?

I have the similar settings as @Bruce Woodruff "guest must have a good track record" and I send a pre-book message that they will have to provide me with their email address in order for me to send them the rental agreement and I have not had any issues with using that option.

We have excellent credit.