My question is what are the tax implications of this?

Though we can do that, LLC is preferred by most of my clients.o Individual credit will be used for determining max leverage (80% LTC is highest available) and interest rate.o Personal income, taxes, and debt-to-income ratio will not be utilized.

Quote from @Laura Kreinbring: Yes, you’re right about the “weeds”It’s tax code weeds!

If your bookkeeper and tax pro like Quickbooks, you should use that.

I run a tax planning practice in Boston and am a CPA and Certified Tax Planner.  

My first thought was this was the source for our 2022 tax returns!

It's the closest city outside California and with the 4th lowest property taxes in the Nation, no state income tax, and landlord friendly NV is a great environment for investing.

Hi Kristin,Most DSCR lenders won't check your personal income/tax returns.

He has an ITIN and pays taxes. 

Just make sure your contract is written well enough so you are protected.To me it is worth a shot if the numbers make sense.I will look into that, and appreciate the tip!