A Non-QM mortgage still must show the ability to repay, but they can use alternative methods, such as 12/24 month bank statements if self employed, or Asset Depletion, or DSCR loans.

Tenant-proof and problem solved ;)

@Martin MickTalk to your cpa but typically yes unless you did a 1031 or some other tax deferred method that is allowed

I enjoy helping fellow landlords solve problems. 

Whats the best method to get money for my first property?

Investment Info:

Single-family residence buy & hold investment in Fredericktown.

Purchase price: $45,000

Cash invested: $25,000

Owners had tried selling this place and had it under contract and i...

Once you have an idea of where you are going, you will decide on the investing methods that will get you to your goals. 

I've been looking into the Direct Marketing method and my question is this: How can you properly analyze the propery/deal when you dont know the condition of the inside of the properties you're reaching out to?

As they say, real estate investors get paid to solve problems and find creative solutions.

You have to look at both active and passive methods of gaining wealth.