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 😊 Ask the lenders if they take MTR rent rates if you can show comps.  

It's harder to find turn key stuff that makes sense with these higher interest rates so I started to build my own. 

I would rather just borrow at a little higher interest rate and keep all the profit for myself.

Crunch the numbers - Carefully calculate potential cash flow, ROI and cap rate.

The rate might be higher, but the ease factor might be better.

(high home prices, rehab cost, lower rent, interest rates, etc.)Thanks,Hillary 

Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....

I’m currently living here with a roommate and have a 3.3% interest rate loan on 300k and still owe about 280k.

DSCR loans are a great option for 30-year fixed rate! 

Here's a bit more in detail about how rates are calculated for DSCR loans:1.