NOW  sure I have made verbal offers and if their counter was in the ballpark then I said let’s go in subject to verification.

.; rent control legislation or Gov. housing affordability initiatives, a crash in house values that allows renters to buy, a big-money developer builds a luxury apartment building next door and is able to to rent units that are A+ for only $100 more than your C or B grade property, etc., etc.).New investors have come up in an era where values have only gone up, and plenty of gurus and their followers have drunk the kool-aid and believe that values only go in one direction (up).

Thank you @Ray Hage - that was very clear cut and @Vicki X.I received a 'sales verification questionnaire" (with like 30 questions on it.

I was able to use the offer letter from my future company as income verification and was able to qualify for a conventional mortgage to start my house hacking journey.It would not hurt to start looking for and talking to lenders to understand what your purchasing power looks like and what programs are available in your circumstance. 

I just assumed that for self employed income I would need at least 2 years of tax returns or verification for a conventional lender. 

@Sean Sharp With a private lender you can get investment property financing with no income verification (rental income vs monthly payment is what will be looked at).

To Caleb's point though, it really depends on your strategy and goals. in my research I warned to to invest in the north side , and that most of it is a C-(also most of the inventory under 100k-110k is in that area

This loan does not require verification of income or tax returns to qualify.

I constantly get offers around 100k, as-is.I'd like to know, is there any source I can go to to tap into my existing equity, and use these funds toward the overall rehab?

You want to be able to cut rates when you need to to maximize revenue in a down market, and a higher DSCR will allow you to do this … I.e., more “meat on the bone” is safer (meat = profit margin).