Lenders won’t accept income from the GI Bill as income for the purposes of VA loan qualification.

I am a pretty new investor, with two buy and hold single family properties.I have a question about pets...we do allow pets, and we have a $500 pet deposit, $250 of which is non-refundable.I have a fantastic tenant (exceeds all qualification standards, communicates well, paid deposit and switched utilities within minutes of acceptance, etc) moving in soon, and he's asked me a question I'm just not sure how to answer.

So if you reduce your monthly payments by $450, that would roughly increase your maximum qualification by$90,000 or 450/5=90.

Our sign only had the phone number and no further info so we did spend a lot of time weeding out prospects over the phone after going over specs but we are hoping our online listings, which list our qualification standards and the property description, will help do that for us.

This is very different from LTR mortgage qualification calculations.It's tough out there for financing for STR projects.

I am using a hard money lender, who provided me a "notice of intent to lend", essentially a pre qualification.

Even though I have been in the industry for a lot longer than that and meet their financial requirements and qualifications, they won't approve because I've only been self-employed for six months.The home we want to purchase is a 3 bed, 2 bath SFH that sits on 3.9 acres about ten minutes from our current home and a half-hour north of Charlotte.

A resume is a clear, concise way to list your qualifications and show people that you mean business. even if you have nothing substantial to put on, having one may set you apart from others who do not.

Example, both postings for CO Agents (not Realtors), stated as part of ideal qualifications, had to be licensed in CA???? 

Here is the link to the qualification standards (hopefully bigger pockets allows link sharing.)https://singlefamily.fanniemae...If no link appears, google : “Fannie Mae Eligibility Matrix” and you will have a very good idea of what a banker is going to tell you.With that said, if you are doing this on your own, your easiest way into an investment property is going to be living in it first... this means either buying a property you are capable of splitting in two and renting out the other half, or buying a house for your family, then at some point moving and renting the property.The biggest difference between buying a home for yourself, versus a true investment property is the down payment... 3-5% for a personal home, versus 25% or so for an investment property.