@Michael Skvorak hey Michael, you can count me in for sure!

@Jason Graves sounds like I missed a great meet up, next time, please count me in! 

My tax guy is good, so he shows my rentals as taking losses with depreciation etc and as a result when I go to get more loans, I cannot count my rental income. 

The home is located in an area 30-45 min outside of a major city  in a suburb that is not expected to appreciate in value, and has comparable homes on the same street currently valued between $42-60K for the same sq ft and bedroom count. 

If you can do that, and we count the monthly payment into the debt ratio, you should be fine from there.Some portfolio loans also underwrite to some of the conventional guidelines, so some portfolio do and some don't?

I wouldn’t count on a recession.

Any legal experts what counts for the building year?

I'm just counting down the days till I get all the way moved into town. 

Start with your Spending - EVERY dollar counts - Every dollar spent is a dollar more you need to earn either through a job or passive income - less money spent on lifestyle creep, is less money you need to acquire passively before you can leave the job - Once you have reduced the spending and curtailed the lifestyle creep, and created sufficient rental income  THEN you can live off the rental income and pile up the earned income to reinvest .... earned income piles up REALLY fast when you don't need it for the monthly bills - keep reinvesting and before long the passive income will let you live like a king!!

YTD 2019 I've done about a dozen wholesale and have closed on 59 units making our total unit count 132 doors.