Most of them are working from home or are employed in essential businesses like hospitals or post offices.

Find a good tenantPeople who are house hacking and being landlords for the first time should take care to understand the state landlord-tenant laws and the Fair Housing Act to avoid breaking the law or discriminating against a tenant.When the space is ready to be rented, these are the general steps investors follow to screen tenants:Determine minimum tenant criteria, such credit score or income-to-rent ratioPre-screen tenants by discussing requirements such as the monthly rent, security deposit, rental application fee, and background check up frontGather and review applications from prospective tenants and get permission to run a credit report, conduct a background check, and contact current and previous employers and landlords to verify tenant informationDecide on the best tenant and sign a lease agreement.All the best!

My original plan is to go through the process as if she were applying for the apartment (credit, background, employer and previous ref…) I’ve done some preliminary due diligence in the buying process.

If they've been out for less than two years, then I really, really scrutinize the crime, talk to their parole officer, require long-term employment of at least a year, etc.

-Minimum of 20% Down Payment-Primary Residency Only-At least 2 years of taxable income. ( This is how we calculate self-employed income, we will add the last 2 years of income and divide by 24.

However, any underwriter would probably want you to answer some questions before approving you with another loan:- What is your current Debt to Income ratio- How long have you lived in your current home- Can the rent pay for the mortgage - Are you planning on self managing or employing a Property Manager - Do you have enough money in reserves These are just some questions you would be asked if attempting to get another loan.

If you decide to get fancy and make a business entity (meaning it wont be on E or C), there's a good chance you will be resetting your "2 years of self employment" to zero.

It's only used for work and I deducted the cost against my self-employment income.

I was thinking of something like this:Is this person employed here?

Hey everyone I'm looking for a bank that will lend to somebody that has self-employed income and is playing the deduction games on there taxes.