What are you going to do if you lose your primary income for some reason and the property is losing money every month plus you have a large capital expense come up?

Hi,I have 3 homes and need to find a template/form where I can put in all the original purchase information - or the most current refinancing information and all the current rental income and expenses.

No personal income docs or taxes needed.

A DSCR loan (Debt Service Coverage Ratio) type loan would look at the rental income and expenses and determine the amount it could lend based on that.

Just a little background, we are big on long term and big on passive income.

Great question Luke, As a lender we use your personal income and the income from your properties to qualify you for the mortgage. 

Lower-income residents bear the brunt, with vacancies for apartments under $1,100 dropping below 0.4%.

You'll need to fill out Schedule B and also the interest income section of your tax return (usually Form 1040). 

It's a false sense of security because if the right attorney came along, not only would your insurance be maxed out, but they could still take property and/or income.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.