The "non conforming" lending options are actually called NonQM (non qualified mortgages).

Sometimes they forget to tell you that many tenants in Detroit don't pay (depending on the property manager skill and the type of tenant) - but taxes are very high in the city and so is insurance. 

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

This is where keeping a cool head and using good negotiation skills will likely yield the best outcome.Good luck.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

It really does depend on timing of being put in service, that bonus it qualifies for (if any) and the life cycle of the elements that can be advanced. 

If your medical condition qualifies as a disability and your current living situation isn't suitable, you might have grounds to break your lease without penalty.'

I have also seen appraisers recognize that multiple ADUs by rule does not qualify for conventional F/f financing.  

With the expanded threshold, landlords can turn to skilled, unlicensed workers for quick fixes—perfect for tenant turnovers or routine maintenance.3.