When you get to the rental income section, make sure to add the gross monthly income of the entire property as well to properly determine your analysis.I hope this helps!

If cash flow is your top priority, Cleveland's reliable rents and predictable income could be a strong contender.

It is no doc as far as verifying borrower income and such so its rare that the deal falls out

You need income of $6300 or more if you have a car loan/student loans/credit cards.

One month or one decade selling a flip is an active business like selling hamburgers, and pays regular income taxes not capital gains.

Be prepared to potentially have zero income for many months.In addition, you will want to check the permits.  

@Jacob Hafer, in most cases its a sunk cost and some landlords nefariously even use the application fee as an additional income stream.

@Gavin JexSo you want a bank loan and then seller finance as wellA bank would not be in second position so they as the owner / lender would be in second.Also 0% they would still be responsible for taxes on that at AFR so if your payment is $300/mo the loan would go off federal rates so they would essentially have to claim around $5k in interest income which would be ordinary income so they may end up paying all of your payment in taxes… just fyi if they did speak with someone on thisSounds like a steal if deal for you

When you graduate, fill your space with another student and then buy another house hack while you get started in the business world.Yes, you should work the "boring 9-5" to generate income and qualify for loans.

Looks I have to report net income on SE Line 24 ($2k), but on Line 25, I cannot claim losses due to higher income (>$150K).