Different areas offer varying qualities, but most hold investment potential.

We could potentially subdivide the lot into four lots and build a main house, a Junior Accessory Dwelling Unit (JADU), and an Accessory Dwelling Unit (ADU) on each lot.

One other potential concern that could arise in the field, is the basement unit in the case where it happens to not be unit which is "Legally Recognized" by the City.

This error in my calculation diminished my potential cash flow for year 1 and putting me in the negatives.

You don’t mention what your current income level is between you and your spouse with regards for the potential to help subsidize this entire endeavor.

It's about truly understanding their needs, concerns, and motivations, which can often lead to more favorable outcomes for both parties involved.

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊Kayla,You could utilize a DSCR loan with a lender that utilizes market rents or potential Short Term income as a possibility.

What was the outcome?

It allows you to put less down, learn all about real estate while living in the property, and potentially reduce your living expenses.There are different ways to house hack as well, so if you're interested in becoming a landlord, you could try buying a 3 family (for example) and see if you like it.

What was the outcome?