And that additional income as an agent and property manager allowed me to buy still more properties and is giving me connections of people to partner with on larger deals going forward.

There is of course taking into account the area and if it is getting some life pumped back into it, sure you might have a builder or buyer wanting to put a house on it.I would love to hear from anyone with experience on holding on to an empty lot and just taking the hit on the taxes until you can sell for a large price. 

Quote from @Jordan Rodriguez: yes, the mortgage is under my llc and I'm the only sole proprietorCash the check in your business account  

My question is can we use the rental income to qualify for a loan?

====================I have asked 3 accounting professionals and received slightly different answers. 

As someone dreaming of passive income, I’m looking for guidance on creative financing options for my first property.

Not only does that change your income flow, but you also don't want to set that precedent for the tenants.

If you and your friend know nothing and this person is bridging that gap for you and your friend, then I would pay them a higher income..

It’s heavy manufacturing, finance industry, health care, Tech Giant presence, 3 pro sports teams (and hopefully an MLB team), zero state income tax, and nearly 1100 companies have located to nashville in the last decade.

Renovated a house-hacked but because of the income, we could not deduct expenses  Should we put all our properties in an LLC?