The bank/lender will need for you to provide (2) full years of 1099 income showing a positive income for both years.

I would like to work with more seasoned investors and provide value to them in return for experience.

Think about it: if we assume that prices rose 40% during the pandemic, that means that any home that was worth between $700K-$999K before COVID is now valued above $1 million.

If its OPM and its a loan or comes with a shorter term payback or requires a Ballon/High rate.

@Nicholas KaniaLLCs and S-Corps are popular structures for businesses among real estate investors because they provide flexibility and protection from personal responsibility.

I expect that you are able to make connections and provide expertise to investors here.  

Not a fan of D.C. multi family right now prices are high with rates very hard to cash flow and unless you are playing in the 1.5mil+ you are in at best borderline neighborhood’s & also competing against a ton of newer apartments in most cases.

Incidentally, a month later the insurance company providing homeowner's insurance dinged us for having the tenant have the policy in his name, claiming that the actual owner was not the tenant, but in fact, the land trust.

Does the tenant expect crown molding and plush carpet for a high rent rate area or do you need to put in carpet that stands up to use and abuse??

Has anyone been successful in going through the variance process and do you have any tips you can provide?