tells me they've been getting calls from customers alright.Fourth, I looked through the mortgage contract fine print (see last photo) and found one reference to where the bank could require Annual Reports for net operating income, but nothing about requiring tax returns, requiring an annual personal financial statement, or anything about tacked-on interest rate bumps, other than delinquency.

We wait until right before your mailing to order your own personalized, completely fresh list to ensure that your prospects are as current as possible.And, as a mailing house, we've actually found that our prices are more affordable than most list brokers, since selling lists isn't our only form of income.

What is the gross rent, I can figure out the net.

Hey Hemanth, You can structure this on a portfolio loan with partial releases allowed, as long as the portfolio can debt service at 1.00 with the total income and expenses from all properties remaining. 

@Tyler Ferguson It will be a little easier for your taxes and finances if you create a separate account for all of the property's income and expenses including the personal and rental part.

I believe the one that does my tax mentioned using scorp due to our income but i seen its not advised to put real estate under scorp

I am looking for guidance on how to handle the first income property as it relates to getting the loan and LLC formation.

I want to utilize my marketing skills to get into the industry and familiarize myself while making my income.

Depends on the situation if it will be successful or ignored: how long has the property been on the market, how many other offers are incoming, how many showings have they had, what time of year is it, how motivated is the seller, etc.

Don’t JUST use AirDNA’s “Rentalizer” tool to analyze a property’s income potential.