Plus, if you purchase with an entity in a DSCR loan, it won’t impact their Debt-to-income or their personal credit leaving it available for their own personal homes. 

While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.

I just turned 60 and would like to retire on REI passive income by age 70.

Hi Josh,It depends on whether you will be needing the 20k saving, your income and risk tolerance.

It was outright rejected and then a week later the sellers countered with $1.35MM and 6.5% seller financing.2023 rental income was about $90,000 but for 2024 summer only 4 weeks are currently booked for $25,000. 

DSCR loans primarily evaluate the property's income-generating potential rather than relying solely on your personal income verification. 

Most investors goals are more modest perhaps to replace their W2 income and get financial freedom and that doesn't require 100 doors.

If it's DTI and they are giving you a hassle on using rental income from the departing residence - you can usually work around this by ordering an appraisal on that property or showing a lease agreement dated after your departure.

Both my husband and I are W-2 employed with a combined income of $185KWe are not planning to flip the home.