One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

I also thought about a HELOC but i know if i use that as a down payment, that's another monthly payment I have on top of my first mortgage.

Follow up question, would you suggest I try to get a business credit card on my own so I can get a down payment, I need around $40,000 

Then estimate what the mortgage payment would be.

However, if you're looking for payment reliability, I'd recommend a slightly different strategy that aligns well with consistent income.Partnering with non-profit organizations that support vulnerable populations, like the Veterans Affairs or groups assisting people with developmental disabilities, could be highly beneficial.

In turn we agreed to accepting deed in instead of payment.

Seeing how little of principal is paid off in the beginning of the loan cycle, my urge so far has been to throw what I have as extra payments chipping away at that mountain, but I’ve been also thinking lately if that’s a wise practice.

Also, look at the other coverages on the policy such as Contents, Loss of Rents, Loss Assessment, Liability, Medical Payments, etc.   

I renovated the property while he held title and assigned a replacement buyer in my place at the end to save on down payment and holding costs.

My monthly payment is 1,314 and the roommate pays 1k.