One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

Obviously 5 weeks of play time can be deemed personal use.

Keep your options open, adjusting plans based on appraisal outcomes, and remain agile in your approach.

But you can still treat it as resulting in Ordinary Income even though it is reported on Schedule E, which lets you properly report in accordance with the tax results it seems you are shooting for under the tax return loophole.If your CPA is looking at switching it between schedules to get that tax result...it sounds like they don't understand the reporting position fully and/or they just don't know how to use their own software to address it.In summary, based on what you are describing for the situation, it should go on Schedule E, with what sounds like the resulting refund of $17k.

Disclaimer: The views expressed in this blog post are based on current market trends and are solely the opinion of the author.

Without these forms, there's a risk that tenants may produce conflicting documents or make claims that could complicate the transition of property ownership.We are a property management company based in the Upstate of South Carolina.

I'm based out of Tampa but do deals all over Florida.

I listed my location as Lake Ozark, Missouri because my city doesn't show as a selection but I'm actually based out of Jefferson City, Missouri and scour all of Central Missouri for deals.

Where it comes into play here is the older buildings with asbestos pipe insulation, or asbestos in joint compound and window caulking.

Knowing it, is based on numbers with $$$ in front, not %%% behind.