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.

Yeah, that's been my understanding, the bank will sell to get the $288K judgement amount recording on the tax record, but won't the bank get the rest as well?  

I lived in it for 7 years, rented it for 3 years, now living back in it (to avoid capital gains tax if I sell).

We do not have any bookings until late November, but want to keep the schedule open for potential revenue.

@Kim Huard ah the age old question of to sell or hold. 

Based on the question, I'm guessing you are trying to get out of a deal and you would have to come to closing with cash because the property isn't worth what you paid for it.Yes, you can probably get a higher price by selling the property subject to.

@Albert Johnson sounds great, but wholesalers will lock you into a contract with the hope of selling it off to someone else and pocket the difference. 

I’m looking to sell my single-family rental property in Grandview, Missouri that I purchased in October 2023.

Unlike ADUs, which must remain under the same property title, San Diego's SB-9 allows homeowners to sell newly built homes separately.

Taking a property intended for a flip and turning it into a rental or vice versa have historically been viewed as the most common pivots but sometimes the best course of action is to sell, even at loss.