I decided that I want to house hack, to add some additional income.

My wife is also a high income earner--she works in the hospitality and wine space.

We are currently using Excel for the most part for tracking the rentals, and using a third party account servicing company for tracking most of the seller financed loans (Weststar). 

If that is the case, then the income gets reported on Schedule C.  

So, you'd ask yourself where your lofty rental income is going to come from.The agent won't care that you don't make your rental income as it won't affect him; he already got his sales commission long ago.

Document every unauthorized guest and calculate what the rent income would be.

Here's a breakdown for a rent-by-the-room investment property in Denver: - 6 beds/ 3 baths- Purchased in March 2024-Monthly Income: $5,300: Master: $1000; 2 large bedrooms upstairs $900; 2 bedrooms in basement: $850 and one small bedroom for $800-$300 Reserves-$3500 Mortgage Payment-avg $500 in utilities=$1000 in monthly cash flow! 

My goal of becoming a broker is two fold:  1) Build a career with high earning potential   2) Use that income paired with the knowledge I would gain to invest. 

Like in the US, it's the residency and where your income is earned that matters.3.

What does his bank accounts look like?