This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

(Can I use the estimated cash flow of the house as proof of income for mortgage applications?)

I have 30+ years of corporate finance experience; FP&A, Supply Chain Finance, new business ventures, tech infrastructure investments, and entertainment.

I contacted them with a zoom meeting, they provide a new statement with March rental, but there was not any incoming transfer.

If not, what are other creative financing types that do not require income verification (or limited verification)?

If that is the case, then the income gets reported on Schedule C.  

Second Set Clear Goals Are you looking for long-term wealth accumulation, steady income, or both?

With housing prices skyrocketing, the increasing cost of raw components and lumber, and labor shortages, the idea of owning a piece of income property is just not in the cards anymore for many individuals.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.