You are able to utilize the DSCR 30 year fixed loan which is no income no doc and can have unlimited .

He was month to month so I transitioned his to annual lease. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $540,000

Cash invested: $54,000

2 unit property

I focus a lot on the income side of things, such as how much they are paid monthly, how long they have been at their current job and/or in the career field.

I’d like to think that I’ve done very well but nowhere near 8 figures on an annual basis.

I am considering opening a business account at JP Morgan for all income + expenses, and simply use baselane for rent collection + higher APR on security deposits, etc.

(My one --Delaware--LLC with four little properties in it with an income/banking history.)

Current rented with less than 5% vacancy annually for over 3 years.

While considering raising the rent to reflect the market rate and adding an additional $100 for utilities, I find it challenging as we have built a positive relationship with the current tenants.As for our Studio (STR), I would appreciate any suggestions on ways to optimize the income potential of this space.

You don’t need to make many changes other than filing your taxes differently and just budgeting differently due to the lack of one W2 income.