If so, you may be able to fastforward a bit and retain the equity in these properties.It might be worthwhile to explore a DSCR loan which doesn't require income verification / DTI and usually comes at a rate only slightly higher than conventional.

As for do's and don't; most of the same principles that apply to screen long term tenants apply in this situation as well such as income verification, background check, ect.

Looking for advice on the best process to to build equity, also I need a loan because my FICO dropped 40 points last month from 830 to 791 because of "lack of installment loans" my rental unit is owned by LLC so it's not on my credit.

Probably doesn't look nice inside since there are no interior pictures too. https://www.redfin.com/CA/Culver-City/3932-Glencoe...There has been a ton of  development in Downtown L.A and the surrounding area and traffic has gotten very bad ..more people want to live near work... so that has helped to to increase the prices. 

If you need any resources or need anything contact me as I will do my best to to help you out. 

I wouldn't make a decision solely based on social media posts but I sure do take them into account. ie, if they applied, I'd do an extra amount of verification on their employment status, etc.

Those things should be taken care of up front.Like @David Robinson says, there are other ways to go where you don't have to provide your income verification, but you'll still have to provide bank statements to show you're a viable candidate for a pre-approval. 

I would reach out to to to several of the brokers and explain to them your situation and ask for advice.

The type of property as well as debt coverage and the income it generates all come into play with a full doc commercial property, but not so much with a no income verification loan; yes, they're available on commercial loans.  

I’m looking for advise on how to verify income for a tenant who is retired.  The information I have so far is a statement from Social Security verifying monthly payment and a pension payment.  Both of these combined d...