If it's a larger organization, feel free to inquire about their different staff qualifications.2.

The next step after a pre-qualification is to actually get pre-approved where a lender has run your credit, verified your income and verified your down payment.There are several loan  programs that you can finance a home with high leverage with just a 35 to 5% down payment.

You should be able to get a pre-qualification letter or even term sheet through filling out an application and credit authorization and briefly chatting with a DSCR lender to see where you stand. 

You could attempt to switch your passive income to active, but then you lose write off's, and that's a different decision altogether.I'm a 401k administrator, and when we have clients with passive income (who are often RE investors), we need to go with a non-qualifed option instead of a qualified option (401k, profit sharing, etc.).  

You could also always network & find a credit/capital/experience partner to help with qualification for loans; especially commercial. 

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

But of course there are some steps I need to take before lending in second position, and it's always good to know the borrower's true qualification.  

We’re looking at setting up a KY LLC that will hold these properties and rent them out through a local property manager.We’d like to take advantage of Sec 121, capital gains exclusion and plan on selling what is our primary in two years (to get in under the five years qualification).

The IRS allows you to claim depreciation based on the date the property was placed in service, which is typically the date it becomes available for rent or use.It's important to keep detailed records of your activities and hours spent in real estate work, as this will be crucial in documenting your qualification as a real estate professional.

They can help you assess your qualification as a real estate professional, structure your investments and businesses optimally, and maximize your tax benefits while ensuring compliance with tax laws.The ability to offset the $2.5 million bonus depreciation against your W-2 earnings will depend on your real estate professional status and other factors in your specific situation.