Ideally I would love a smaller group (under 10 people) of other wholesalers or investors in which we could meet weekly at a set time.

Given the current market prices, this is not ideal haha.Is there anything that I can do in order to raise this number?

And if you want it you can create it in an hour for a few bucks.Maybe this STR is the outlier, but for most STR's the "business" is not like buying an e-commerce site or a photography business. 

Check your O&E report or online assessor records to make sure they match up.Some descriptions are the metes and bounds type, which it sounds like is a particular requirement for the county that Chris was looking into.

This is taken directly from their guidelines: "Method for Calculating the IncomeThe method for calculating rental income (or loss) for qualifying purposes is dependent upon the documentation that is being used.Federal Income Tax Returns, Schedule E.

@Laura Chevalier In regards to repairs, ideally the business is making enough money that there is enough money in the business account to pay for it.

Ideally I would like to come in somewhere between 3-10% for a conventional loan whether it's a single house or 4 units.Additional details:I'm currently located in SoCal in the inland empire and I'm also looking in this area too.

There are 5 people living in the unit while only person name is on the lease.Questions areHow should I deal with this tenant in current situation? 

In the past, we have filed individual taxes with schedule E but with the portfolio growing to be something more serious business rather than hobby house fixing, we are looking into Accountants/Tax Prep.

That being said, this is what the underwriter looks at.For schedule E income (real estate etc),In most cases, They will take the total income after expenses (line 26), then add back Depreciation and Interest expense (lines 23c & 23d) to come up with a total number.They will do that for two most recent years (at least) and then take the average of those.Then of course add any other income that is usable, example would be your K1 income or any W2 etc.Then that is the total annual income number that is used to come up with the monthly number.As I stated before, I am not the underwriter and I am sure there is a lot more involved that just that, but that is a good estimate on what they do to come up with your monthly income we can use to qualify for a loan."