Depending on the loan product, you may be able to exclude business debt once the business has paid the debt directly for 12 months.The income and losses related to the operation of the entity will affect the income side of your DTI (like Jay explained) if you own 25% or more of the entity.

It doesn't cover any loss of income due to your rental being repaired.

This property gives me significant income, so losing it would be an extreme loss.

Not enough information here to answer this question accurately.Is the home a total loss? 

I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.The guy told me she is  left with 12 years mortgage on the property to pay the bank.

Loss of Use / Loss of Rents: Normally, there is a 20% included limit.

Hello Guys,

As someone who’s built sales funnels for marketing agencies, I’ve been diving into strategies that could work specifically for wholesalers—and I wanted to share a few ideas that might help you streamlin...

Those scary clowns will change as you get bigger and more deals. 

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

5 tips i should keep in my mind when buying  rental property?