You need to educate and prepare for them now.

After closing, work on increasing your income, reducing debt, and preparing for a second mortgage.

Otherwise, if the numbers make sense and your credit is good, it should be easy to find a lender.

I’m curious about how much time you all spend prepping for tax season before your CPA (or tax preparer) officially files your returns?

They can also give you a better idea of how much you should be prepared to pay so you can cruise through your closing with confidence.And as you plan ahead for closing day, be sure to budget for your real estate agent’s professional service fee too, in case the seller doesn’t cover it.

Check credit, income, and rental history.

I took a couple of weeks off from my former job to really focus and prepare for the exam. 

Relatively small amounts of interest income ($1600+ per year) is the highest taxed form of income I have found if you have kids at home.After earning a few grand in interest, It takes away my child tax credits and gives me an effective tax rate of 70%.   

The revenue and expense categories line up with your Schedule E which makes it a breeze to prepare for filing your taxes and I like the reporting features, too.

Though my property management company eventually took care of the eviction proceedings and repaired the property to prepare for a new tenant, I feel they were negligent in their duties.