@James Warren  I am a contractor , The first thing I do is qualify my prospects over the phone .  

The clock of life......4-10 years in college or committing that time to learning and mastering a skill or collection of skills. 

But every case is different, and you may qualify for more or less.

First off, it will not be added back like depreciation.Contributing to a SEP IRA can hurt your ability to qualify but it depends on if you report your business income on a Schedule C vs. a corp. 

So make sure you are your partner qualify for a $130k value. 

I want to see how much I qualify for so that I can get it into my first duplex. 

So if we can use those as investors we try to since we will cash flow better and qualify for other loans easier in the future. 

@David Weintraub can he not qualify for traditional/conventional financing?

If you're employing the BRRRR strategy, the first thing you should do (before making an offer or talking to a hard money lender), is to talk with a loan officer to see if you can qualify for a refinance. 

We received an application for our ADU rental from an extremely well qualified applicant.