With conventional financing, your income, DTI and employment history will be used to qualify you.

Los Angeles rents remain well above the Western regional average of $178 per unit for non-climate-controlled and $191 for climate-controlled units.Competitive Inventory, Employment, AbsorptionNew inventory additions slowed in Q1 2024, with only 969 units delivered compared to over 1,000 units per quarter throughout 2023.

Your personal income, employment history and DTI is not relevant with this loan type. 

Don't trust a company - especially not some large nationwide corporation, which employs people you have to track down!

This requires that your tenants remain employed at similar wages.

Look for strong economic and population growth with a robust and diverse employment base.Next, you should identify neighborhoods and locations which fit your investments criteria.

My employer had no locations actually in Detroit, but hundreds of my employees came from there.

I have a 85% DSCR option, so we wouldn’t need to even see you income nor verify employment information.

A simple example, is where a major employer in a small town closes up.

Since I am self employed, I was hoping they have a pool of lenders catering to Self employed.