They will probably average your pay over the last two years to establish what you are qualified for.If you can't get a conventional loan you can try a hard money lender, some offer loans on rental properties at reasonable rates, then after the properties have established rental history you can then more easily refi with conventional.

Hey BP, I'm looking to do my first deal within the next couple months and need some help.I've been looking up multifamily properties and I'm having a hard time coming up with the numbers for the BP calculators.

It's hard to differentiate between manufacturers' warnings that are extra cautious to avoid liability and real issues.I'm currently running a sample of the flooring under a water faucet in an attempt to see what happens.Thanks in advance for any advice!

It may be hard to cash flow with turnkey in Atlanta these days. 

It's hard to build a business on lies.

@KC ContiIt’s hard to understand why you would agree to pay $164K for a property worth $50k

Extremely hard to come by though, but they do exist2.

Something to keep in mind with STR, that's tied to why REI is a smart game to play - control is the name of the game.You want to control the guests and rates (vet them in hopes of avoiding property damage, set rates to attract those willing to pay more for quality)You want to control the costs (furnishings, consumables, cleaning/repair/plumbing/electrical)You want to control the property (choice of property, location, financing terms, well or city water, septic or city sewer, etc)This is all going to be very hard to do, if not impossible, if you don't OWN THE PROPERTY. 

What about water puddling during hard storms?

I am interested in a 3-fam property in Northern NJ(Fort Lee, Fairview area).  One of the units is a 4bd and im concerned that although the rent for those are huge, that no one will actually rent that unit.  Any experi...