This could be an alimony that is court ordered, which in that case my past renters were able to provide documentation with full details regarding start and ending dates, rate of payments (monthly/bi-weekly), and amounts awarded.

Then the test is a bear in Cali, only 12% pass rate...harder than Bar Exam.

Some hard money lenders may offer better leverage but the interest rate and origination fees will be higher.  

Then you simply deny them.What it does, unfortunately, is induce people who aren't qualified to apply because you can't exclude them in the advertising or on a blind inquiry.

@Scott Vaethif your mortgage rate is reasonable i would definitely not use extra cash to pay it down.but give us more info if you want better advice.for example - purchase price, rehab amount, rough new ARV? 

Rents do go up over time (as do costs, but hopefully at a lower rate). 

The FED is not reducing rates (maybe 1-2 times in the fall) but it's going to be 0.25%.That changes nothing. 

I am only licensed in WA and HI but am happy to have a conversation, show you the rates you should be getting, etc.

Financing can be trickier, as lenders might have stricter requirements and higher interest rates for LLCs.

What's the Absorption Rate of housing in the area?