Several different types of income qualifications.Good luck.    

HI Nichole,There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Some thoughts - garages or carports, for extra income from tenantsIf you have the ability to add a second driveway, consider trailer / boat / rv storage in an area enclosed by a privacy fence, or even garages to be rented to non-tenants for cars / storage.

However, I feel like this is on Zillow and the money in some account of theirs.

I would get a good licensed contractor to look at the water issue, and review the repair cost in terms of how many months of income this would suck from the investment.

Sell as a seller finance with 10% down and charge about 8% interest increasing the monthly income. 2.

They expect to not qualify on a loan (since income is likely too low) so my siblings and I want to cover it.

@Jeffery SpeckTalk to your accountant to see what works best for all 3 of you

The company I use has a sliding scale based on the age of the account, so they may charge 25% for an account less than one year old and 45% for an account that is six years old.

I am curious if classifying my spouse as a real estate professional can offset ordinary income when filing jointly.