One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊Kayla,You could utilize a DSCR loan with a lender that utilizes market rents or potential Short Term income as a possibility.

Determine how comfortable you are with potentially locking up assets for a long time and how much risk you can tolerate.Market Conditions: The situation of the real estate market might change, and this could have an impact on your choice.

While considering raising the rent to reflect the market rate and adding an additional $100 for utilities, I find it challenging as we have built a positive relationship with the current tenants.As for our Studio (STR), I would appreciate any suggestions on ways to optimize the income potential of this space.

If you do this you can potentially include a higher security deposit but you want t make sure to follow state laws about that.I understand that people may be improving their credit due to life circumstances.

Yeah Sunapee definitely looks like a potential option.

It is also important to inquire about any potential zoning issues or legal issues that may arise during the renovation of a burned home.

Analyze local demographics, rental trends, crime rates, and future development plans .While South Atlanta is undergoing revitalization, there are still opportunities worth exploring, especially in specific submarkets with potential for long-term growth.

One thing we have noted as troublesome for some potential househackers with this conventional program is that in order to use rental income from the other units towards qualifying you need to have some current housing expense verified (rent, a mortgage, etc.) 

I don't know if you have to, but it wouldn't hurt to disclose it to the property management company and prospective tenants to avoid potential conflicts of interest or misunderstandings.

Long story short she didn’t have money and I ended up losing a lot potential rental income and having to renovate the entire unit from damages.