One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

Most do not have that capital to deploy and if they did that's not how they'd deploy it.Gap funding an inexperienced, capital strapped investor is a terrible investment. 

There are ways to get into real estate investing without money, but I will tell you that it sure helps a lot to have some cash saved up and ready to deploy.  

I am the one who was operating STRs and building STRs in the US while deployed in Afghanistan.Here is some things to consider:1.

You can take the funds from the refinance and deploy into other assets.

There is no legal limit, but there is almost always a practical limit because a sponsor can only deploy so much money before they have to lower their underwriting standards etc.

And we than deploy that strategy.   

I have a lot of cash ready to deploy just not sure where to begin. 

Think about it... its unfair for them because 1) They don't know the deal risk profiles nor the operators, 2) They don't know your future deployment plans to account for your estimated Adjusted Gross Income (effective tax rate) for the next few years, and 3) they don't know how much depreciation is going from the plethora of investments you look to go into.

Good evening everyone,I am currently on deployment and was interested in buying a home when I get back in the Virginia Beach/Chesapeake area.