.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.

Misjudged the job cost (contractor error, usually results in asking for more money)2.

The first loan applications we entered to the portal had errors, but could not be deleted, even by staff, and could only be labeled, literally, as dead.

I see landlords lose thousands, even tens of thousands, making rookie mistakes that they could have avoided with a little education up front.Once the first property is under contract, start again for the second.

I have been a ROOKIE!

As you read these books, watch the BiggerPockets Rookie podcasts.

But if you’re new, relying on that razor-thin margin of error can feel like racing the clock in a marathon you’re not fully trained for.

I have a few reasons for this. 1) We are both self-employed and our income is inconsistent. 2) We don't want to impact our DTI, because we are planning on buying a house hack within the next year or so.We would be open to going up to 6 units for our first property as long as it's within budget.Now that you have some context, is it possible for a rookie to use a DSCR loan on a duplex or triplex?

Unfortunately, errors happen in every industry. 

The first loan applications we entered to the portal had errors, but could not be deleted, even by staff, and could only be labeled, literally, as dead.