They should have contacts for service providers for you to interview.

These documents can provide insights into discussions and decisions related to development projects.Network with Real Estate Professionals: Connect with local real estate agents, developers, and property investors.

can you provide insight to your phrase "I've got a friend who owns a rental in the Raleigh, NC area that a company just pays him a check every month for the right to rent it out."

I'm sure the brilliant minds here at BP will be able to provide you some creative ideas!

Can you provide me your investor presentation?   

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

This may require providing extra documentation such as 12 months reserves, 12 months of mortgage payments for both the rental property and primary address.

Can anyone provide advice and steps to moving this forward?

Here is an article that screams doom and gloom, but provides a more detailed look.https://www.sltrib.com/news/ho...

Hi Gabriel..I've been in and around loans since 2003..we work closely with our lending partner that actually can provide HELOC or fixed second loan using a variety of income including bank statements..I think you can go up to 80%-85% on a primary using bank statement on a second lien position.