Background: I`m trying to access some of the equity sitting in my rentals to re-invest, but my W2 income is fairly low compared to the rental and self-employment income, due to higher deductions the total taxable income and qualifying rental income is way less than my actual income.

The funny thing is, these reserves can be fairly low because I have fixed everything by the time the property is stable! 

Be FRIENDLY (professional & polite), FIRM (establish a clear rental agreement and enforce the terms), FAIR (abide by the law and consider what is reasonable),  FAST (attend to matters in a timely manner) and FLEXIBLE (if the situation warrants it.)Make the effort to establish and maintain a good landlord-tenant relationships. 

Some home inspectors are able to suggest a fair repair estimate to support the credit request.

However, my agent that I use for insurance on my primary residence is telling me that all his REI clients have a landlord policy that just covers their loan amount or the fair market value of the property.

Lenders need a professional estimate of what the fair market value of the home will be after repairs are completed.

As the co-owner has an extended family living there and she knows what the fair market value it, why not get them to buy her (the one who wants to sell) half of the house and she can then walk away?

What do you think is fair?”

@Patrick MenefeeIn places where I’ve lived, including Tennessee, Alabama, and Georgia the 1% rule is fairly easy to hit.

I have a fair amount of equity in a previous rental.