In that case, you better be liquid, making income and even have a few months of reserves how many deals have you done and how long have you been doing them?

@David Cheng - So, SBA requires 51% of the income be associated with the owner-occupant. 

A lot of people think they can buy rentals and claim ACT 60 only to find out that rental income is earned income.

The numbers would be a lot more in your favor in terms of passive income building.

Seems to me it would provide a more consistent face to the tenants and would streamline income and expenses tracking and payments. 

Then find the QI that will open up an FDIC insured bank account in your name that only has your money in it. 

My dad is retired and his credit score isn't the greatest while my credit score really good and debt to income is pretty low right now.Mortgage Owed: 118,000Money to Seller:  75,000Est.

I have a prospective tenant who submitted income from the VA but I am not sure how to verify this income.

It has no income, no assets, no credit.

Older homes in neighborhoods like Heights and Montrose are full of charm, character, and history, but may need some renovations.When navigating the market, it's important to partner with a local real estate agent, take into account rental market demand and rates, search for value-add chances, and learn about landlord-tenant laws.