As a realtor in Brooklyn and Long Island, I can promise you there are most definitely good rental properties in NY if you look in the right areas and have the correct strategy. 

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

We use them and love all the info they share, and the value they offer to us as a client! 

I love to connect with others in this space and I also flip houses on the side so I would love to chat sometime and see if we can network and help each other in any way!

I would love to see this happen. keep me posted please.

One of my first big deals in this business involved a sale of a friends home on Long Island.

If you're open to sharing advice, experiences, or collaborating, I'd love to hear from you!

1) Yes I thought that maybe the best route an MTR. 2) still building cash reserves and trying to figure out a good number. 3) No strong experience in the area, I would look to hire someone to manage.4) I was thinking multi unit rents can pay for property and one unit can be STR or MTRWould love to coordinate a game plan

It seems to be quite "the norm" in the US, however in Europe banks tend to think a bit more traditionally (but I could be dead wrong).Would love to hear your experience!

I am software engineer by trade, but have always loved and followed real estate.