I plan to keep this property as the rental income is already excellent.I too experienced the same challenges of balancing responsibilities as a father, husband, realtor, investor, coach, Airbnb host, etc.....Let me tell you, this past year wasn't easy!

Your receiving income, but I'm not sure how much you can write off or if you can.

My income is $70,000 annually from a W2 job and I have no outstanding debt.

At RAD Diversified, we offer investment partners the opportunity to invest in income-producing farms and cash-flowing properties like residential & multi-family with substantial value-add opportunities. 

With no state income taxes they government needs to get their money somehow.  

if you only do negative cash flow for few hundred bucks and your large income is good enough and you plan to keep the house for ten years, then this is not an issue after all.

I’ve been doing this type of work for way too long, earning whatever number it is my “boss” thinks I’m worth, and I want a career change that gets me out of the rat race.I want to be around happy people (for the most part) doing something creative, that makes me happy, free and lucrative, one that allows me to be my own boss deciding how much money I make, and on my way to living an essential life with multiple streams of income that include me in Europe, writing stories in my free time.

Me and my wife decided to build an ADU on the property so we can increase the property value, and gain additional income passively.

Account Closed the first thing you need to do is is find the source of the 1566 sqft.

DSCR loans won't use your income to underwrite the loan.