My issue is that I come from a low income background and have fought my *** off, pardon my language to get to where I am now and comfortable.

The property is listed for $305,000 and he conceded an additional $15k down to $290k without me even saying anything.

Develop a long-term investment strategy based on rental income, property appreciation, and realistic expectations.Good luck!

  * 2-4 unit properties are residential and mainly valued based on sales-comparison, not income.

Long term aspirations for the lot is to use SB9 to split and add 1-2 additional units.Learned a ton through this process - such as negotiation, deal underwriting, renovation estimates, contractor management, etc.

Thanks Filter Criteria- Looking at stable rental income and cash flow positive properties, even if the appreciation gain is not that much. 

I do feel foolish for not understanding that all the deductions that real estate has to offer, could only be used against real estate income.

I have additional space on the lot where I think that I could build an additional duplex or maybe two small single family dwellings.

Hi Kristin,Most DSCR lenders won't check your personal income/tax returns.

That gives me additional income and offsets the risk of loss if I have a longer vacancy once they leave. 25% sounds like a lot, but consider what it will cost them to find another rental in the next 30 days that will allow a three-month lease, plus the cost of moving, setting up utilities, etc.There's nothing wrong with trying to help out a good tenant, but don't hurt yourself in the process.