@Jimmy Rojas Yes, you can file your own 1099s using tax software or online services, but simply filing a 1099 doesn’t automatically prove income for a mortgage.

They are generally doing 2,3, or more jobs at the same time , many things are in play .

When I asked why I was paying for a service fee during a period where I never turned on service, the customer service person explained that even if I didn't have service turned on, and there was no usage, there is a monthly fee for the line that runs from the street to my house so that when I reconnect, they don't have to rip up the ground and put in a new line.To me this sounded ridiculous and the power and gas companies are not charging any such fees. 

Can you secure financing on a NNN lease? 

A lot depends on the property.  

The main thing is making sure your investments produce a return that outweighs the cost of the borrowed money.A full cash-out refinance could work down the line, but with rates where they are, you’d be trading a 6.25% ARM for something likely higher, now that it is not an owner-occupied property, which may not be worth it unless you really need the capital to scale.

TAX bene's were the play and GOZONE was great tax bene's but you cant count on a katrina for your investing thesis

If it exceeds the limit, you’ll owe federal (15-20%) and California state tax (up to 13.3%) on the taxable portion.

I'm still focusing on small multi-families mainly 3-4 units.

As for the target market, we are focusing on Brownstone buildings in New York City.