I am a 16 year old planning to form an LLC under my parents name in order to qualify for business credit to cover the down payment on my first investment property I will also pair the business credit I am able to qualify for with cash and refinance to pay off the down payment when the interest starts to kick in but I am wondering if when applying for a FHA loan on an investment property if they require income to qualify or if they will accept it because I will be renting and covering the mortgage with the rent and how that all works when qualifying and if this is even possible. 

I started thinking what a great business that guy must have going.

.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

I don't post my rooms anymore, since they're all taken by various non-profits in the area who know I run this business. 

I'm not saying Propertyware is the best and I do have plans on switching in the future as I grow but I do feel 2 platforms are needed to separate my management business from my total personal business.

I'm thinking of your traditional non-qm/business purpose loan types.  

The note business ebbs and flows with the fluctuations of note volume.  

I understand that team with their boots on the location is crucial, so I am planning to fly there for couple of days/week and team up offline first and then do business remotely.  

Since we manage our rental properties ourselves, I told him our rental LLC should be considered as a business.

I'm current a junior in college and majoring in business marketing.