Combining this with tours or small events can add extra income.Lease Mineral or Water Rights: Depending on the area, leasing mineral or water rights can be a potential income stream if there are valuable natural resources under the land.

Also, your DTI can sometimes be more flexible depending on your credit score or reserves, so it’s worth asking the lender about that.If your DTI is still too high, try looking at ways to lower your monthly payments or increase your rental income.

In my opinion, in order to move forward, you have to have a somewhat significant cash flow that allows you to build reserves again.

I'm particularly passionate about BRRR, Mid term rentals, Money lending.Outside of real estate, I enjoy nature, travel, healthy cooking.Excited to learn and connect with you all! 

Anyone would consider a nice finished room with great natural light a bedroom, but in the off chance the tenant doesn’t pay rent then I would be in the wrong for letting he/she live there in the first place.

Being that it's upstairs, that unit will naturally be able to control it and the bottom won't.

Do you have savings and reserves to hold properties?

Do you have enough reserves to handle a HVAC issue?

Whether you classify it as business or personal income depends on the nature of the lending activity.

Have more reserves that you think you need and also be prepared to hold a property for longer than you may think as well.