Instead, the lender wants to see that the monthly income from the property can cover the principal, interest, taxes, insurance and HOA (if applicable). 

You pay employers tax, wc rates, and deduct employee tax, etc.

Title issues, seller issues, non-refundable deposits, no inspection period, lending issues, appraisal issues, liens, IRS liens, city liens, no wills, unpaid back taxes, solar liens, and all kinds of other crazy stuff.   

🧮It sounds like you have these priorities for your next PNW property besides the standard FI road map:- Something that has positive ROI (appreciation + cash flow + tax deductions + loan paydown) purchased at $1M with 20% down and ~6.8% interest.

If you sell there will be a large capital gains tax due. 

Prospective homeowners, consider property taxes when budgeting for your home.

Avoid using email as much as possible, beware of attachments, get any wiring instructions over the phone and verify those wiring instructions by calling the bank back at the number on their website. 

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

Income Verification - Paystubs, W-2s, Bank Statements, Tax Returns.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.