OROption 2: Go big and do a cash-out refi/203K/HELOC to not only repair the foundation and waterproofing, but to add an extension to the home that would support a legal duplex for some income producing property.

These include higher occupancy rates compared to short-term rentals, reduced operational hassles, and the potential for a stable income that can sometimes rival or exceed that of long-term leases.

My job is to make repairs and get the place lease optioned so it is producing income to cover the interest payments I need to make to the lender.

Additionally, holdover tenant is now subletting out the rooms making income and advertising it on 168.com.

It should really be about the income but some people do secretly want to run up the score on # of doors.

Have higher rents and higher income tenants .

Hey guys i have a question about refinancing... i have a deal now 110 k condo i running the number this is a olace with no equity but i cash flow i can get $1800 market rate and  section 8 around $2000protpey tax 1500 annual 250 hoa snd now depending on the loan now my question how can i get my money back and which loan or mortgage to take if i put 20% 20% down?? 

You also have to make sure how much would you be netting once you move out and in order to use that rental income for that unit you're planning move out, you will have to get a lease signed for one year and lenders will be able to use the leased rental income at 75%.

I feel as if I have too much debt compared to my income to ever be able to get another loan for the next property.

Just like, in 2005-2007, a bunch of 'stated income' loans drove home values to stupid levels, for the last few years we've seen these residential "no DSCR required!"