Depending on your new job as a 1099/self employed, there are likely other loan options available that can work.

Pros to DSCR: 1) No tax returns...this means, if you are self employed or have a lot of rentals, you can maximize the tax advantages and claim expenses without having to worry about showing income to qualify for more homes.2) comparable rates to conventional lending and still 30 year fixed terms!

You can also employ the periodic equal distributions rule to access your retirement funds prior to retirement age without penalties (but again, there are limitations, and you must make a commitment). 

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

Under Injunction.It’s likely that the Injunction will be overturned.BOI (Beneficial Owners Information) is under injunction, with little warning, a new deadline will be set.

Focus on cities with favorable price-to-rent ratios, population growth, and employment trends, such as Des Moines, Oklahoma City, and Charlotte, while considering factors like landlord-friendliness and property taxes.

, but going all in on my self-employed business as a financial therapist means two things: 1.

Many traditional lenders struggle with self-employed borrowers, especially when tax returns show losses on paper.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.