Site and features make it a 10M parcel with gradual development in 10 years (could flip for 3-5M immediately with the right marketing)B) Standard downpayment (240k) 1.2 mil - house - rental income would be about 3500 initially, with ridiculous business potential (currently unrealized/undeveloped)This isn't a planned sale, and being self-employed I've maxed write-offs and minimized income so my income probably won't cover the mortgages needed in the bank's eyes.

It does not mean we can.If you have a W2 job which is part-time, let's say 25 hours per week, you will need to be able to have your employer confirm it in writing.

I highly recommend employing an experienced RE attorney to draw up these documents for you.

A dependable tenant is someone who:Has stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsThere are many tenant pool segments in each market.

I have family there But have been doing research on that market, and they high crime rate, low employment rate, and a population decrease.

There are also DSCR loans where your income/employment/DTI is not factored in, but you’re instead qualified based on the property’s income, your FICO and reserves.

“Indianapolis provides an enviable blend of things to do, relative housing affordability, and great employment opportunities.

My current financial situation is me and my husband have been self employed now for 3 years now as owner op in the car hauling industry.

So the major employers of your tenant pool must be doing well today and likely to do better in the future.

You have to follow employment, labor, and other economic indicators.