Hello BP community, I am curious if anyone has come across a lender that will give a loan based on renting by the room and using the rental income as estimates in the loan?

I have been running the monthly cash flow using the Bigger Pockets rental calculator.

If it is a month-to-month rental (or verbal, which is the same thing), then you have to give 30 days notice before making changes.I recommend you spend 3-6 months observing the tenant to confirm you want to keep them.

Who on BP owns and manages single-family rentals in low-income areas?

My wife and I self manage 37 rentals as our full time job.  

My name is Pete and I'm looking forward to buying rental property income in the near future as well as increasing my knowledge and education in real estate.

As long as you are prepared to spend $10-20 per square foot to furnish (depending on how high end you want to go), then a $500 dumpster rental and a Facebook marketplace listing solve your problem.

I thought I had already taken care of the paperwork they are requesting but I have another letter from them.In the mean time I did go online for Wells Fargo and their business accounts allows you to mark up to 3 states and being registered in WY was not an issue. 

The platform also lets our tenants report maintenance issues, and see their rental account payment history at any time.  

The condos I am planning to invest all yields less than 1% when following the 2% rule.NOI ~14,000The rental calculator told me I won’t be having positive cash flow until 4 years after purchase.