.: Hey Andre,There are multiple HELOC products out there which can close fast (within a week) & are not based on Tax Returns etc. and will still take income as long as your friends income is getting deposited into the Bank account. 

And add an additional security deposit, but more importantly is "Why".  

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

In full disclosure to both parties I let them know I am compensated at the end when the final product is realized and brought to market.If the deal comes together I always make sure the sellers have their own attorney in the mix to hold deposits and represent them on the sale.What I am finding is sellers are hiring their own brokers and paying them commissions for doing next to nothing. 

Is the landlord required to return the full security deposit to tenants ( or partial security deposit with itemized list of what deductions were made) within 21 days? 

Lenders typically look at your full tax return (Form 1040) with Schedule C (for self-employment income) or Schedule E (for rental income) to verify income.To qualify for a home loan, banks generally require:At least two years of reported self-employment income.Tax returns, bank statements, and possibly profit & loss statements.A solid debt-to-income (DTI) ratio to ensure you can handle mortgage payments.If you’re newly self-employed and don’t have two years of tax returns, you may need to look into bank statement loans, which some lenders offer based on income deposits instead of tax returns.

All our properties currently yield over 6.5% gross return, with a borrowing rate at 6.5% and 20% deposits.

Instead of relying on documents that can be manipulated, consider using an income verification service that pulls actual bank deposit history.

Last year I opened a Roth IRA with Fidelity and contributed the $7,000 max, forgetting I also have a Roth with Acorns which $1,400 was contributed to through weekly direct deposit.

I got all my deposits back plus 6% for the 2 years they held it.