I have been running the monthly cash flow using the Bigger Pockets rental calculator.

Hello BP community, I am curious if anyone has come across a lender that will give a loan based on renting by the room and using the rental income as estimates in the loan?

If it is a month-to-month rental (or verbal, which is the same thing), then you have to give 30 days notice before making changes.I recommend you spend 3-6 months observing the tenant to confirm you want to keep them.

My wife and I self manage 37 rentals as our full time job.  

Who on BP owns and manages single-family rentals in low-income areas?

As long as you are prepared to spend $10-20 per square foot to furnish (depending on how high end you want to go), then a $500 dumpster rental and a Facebook marketplace listing solve your problem.

The platform also lets our tenants report maintenance issues, and see their rental account payment history at any time.  

There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

My original intention was to flip the property and use the proceeds to help purchase a small multi-family home but am now considering holding the Single Family property as a rental.