https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?

Asking tenants about their experience, any issues with their units, and the building is imperitive for buying properties. 

Plenty of Docs required on a DSCR Loanhttps://www.biggerpockets.com/blog/what-documents-do-you-nee...

I was the first developer to build new on that street.

I realized the grass wasn't greener, and I ended up building back in the Chicago area once again.

Most typically you'd hear this term in commercial leasing where the tenant reconfigures an office space or builds out a retail store/restaurant space.

I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

I'm particularly passionate about about BRRRing and Fix and Flip.Outside of real estate, I enjoy spending time with my wife and kids, being in forests (I love big trees), fishing, building things, and financial independence. 

I have a building in Rockford IL I self manage its the definition of C class and the tenants are all easy, occasionally ask to split payments or pay late and I OK it.

Some long term holds  NN  building and rentals that have zero debt..