If you’re already keeping rent income - expenses as rental income on your taxes what’s the advantage?

Will you have more or less cashflow per month (including your income from a job) before or after this perspective deal.

I'm getting ready to sell my first home, purchase my 2nd home and invest in an additional property to flip.

I don't live in the US and I don't have another income in the US (such as employment or earned income), but I have a property that was rented starting in September 2023.

Total leased income on the property will be $2000 or more per month, plus another small additional income the property offers ($100 to $200 per month).  

Additionally, the house will likely appraise very favorably after as well with a cash out refi a big possibility Thoughts?

The only thing I’m hesitant with is their monthly income being 2.7x the monthly rent (plus 5-10% annual bonus which brings it closer) been following the 3x the monthly income qualification.

You could potentially shore up the loan by adding additional collateral (even if it's in 2nd position behind bank loans) but it's still pretty risky when you aren't knowledgeable about this type of project.

Added info:  My current 18 single family portfolio has a Loan to value of only 56%,  (1.8m value 1.03m borrowed). another negative These additional doors would be leveraged (owner-financed) at nearly 100% of their as is value.

If the properties are split into an LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.