OPR (Other People's Resources) may be applicable, but without knowing you, I can't tell.

Sounds cliche but always best to reach out to a trustworthy loan officer and fill out an application because there are too many things to look at before determining how much you can qualify for. 

Starting in Highlands neighborhood (or northside) which used to be a very rough part of town, is now the one of the top 3 most desirable are in the metro and this has slowly trickled down into neighborhoods south.I am an engineer so I love to base my decisions on data, so for example looking at census data, I like to look at % of high income earners in an area to gauge if I should invest or notFor 80204 which includes the neighborhood of Villa Park, in 2010 the % considered upper middle/high income was 4.2% of households. 2022 census says that now it is 40.5%On the other end is 80219 which includes the neighborhood Westwood which would have the lowest income area on my list, in 2010 Westwood had 4% as well, by 2022 it had 21.1% high /upper middle income earners.I have properties in both and tenant applicants are a wide variety (lower income folks on rental assistance to high income earnings wanting to rent in an area before buying a home) so its hard to put a property class in this area. 

Then, you'll match that journal entry to the bank feed deposit within Stessa that will most likely flow through your bank account in early October.This method allows you to clearly see your income less all applicable expenses per month per property within your master accounting software.Doing this also has the added benefit of allowing you to catch any mistakes made by the PM as well (we catch mistakes all the time for our Clients that would have otherwise cost them money).Does that make sense?

And then take into consideration the higher time demand to manage turnover and screening applicants.

We advertised it as a "bonus room/ office" and I think that helped attract the right applicants (they were not expecting a 3 bedroom apartment and then arriving to find out it was only 2 beds with an awkward bonus room).  

Absent that, the big differences will be which forms you report the income, your ability to deduct business expenses against the income, and applicability of self-employment taxes. 

-StacyWith more interest in AL, the time to get a quote back from a State submitted tax property ‘had’ become increasingly longer… but the State has decreased their time to 10 days (which you used to be 21 days) for all responses to quotes so if you’re in line and the applicants bypass before it’s redeemed you can get a quote sooner.  

Literally everything I do is in-person and on paper, i.e. my Application, Lease, Move-in Form, Move-Out Form, etc.

This is more of a commercial real estate rule of thumb and I think it is less applicable to small multifamily 2-4 unit properties for several reasons.