No income No doc 

This calculation includes depreciation deducted during income tax returns.

I need to replace that monthly income of $5200 a month, and I have ambitions to invest out of California and am looking at markets like vegas either short term rentals, codo hotel (very iffy on this), and Toledo, Ohio. 

Hello,Responding to your request to property management recommendations.The Clark Group http://www.clarkgrouppm.com/Real Property Management Solutions, Dan Hayeshttps://www.realpmsolutions.com/Peace by Lease6501 S Macadam Ave Ste A, Portland, OR 97239https://www.peacebylease.comThe going rate in the Portland metro ranges from 8-14% of the gross rent, and the lease up fee (new tenant placement) ranges from ½ to a full month's rent. 

I just wanted to add that after you recover all the money to start over, during the final "R" you are also generating some income from the third "R".

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

Additionally, exploring alternatives like legalizing the existing cellar apartment, if applicable, or renovating the current layout to increase rental income could be viable options.

Yeah if you are doing this just to generate some extra income with 1-2 units, the work-to-reward ratio is just not there.

Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.

With the increased cost of materials and labor their losses are exceeding policy income.