There are high risk processors but they will charge a 5% transaction fee and hold back 25% of your gross processing for six months to cover chargebacks.You havve options.

The numbers all work in my favor since this will turn into a fixed cost rather than a % of gross rents.

No conventional lender (that I've found) will be able to fit all this criteria, because it's very unique.Occupancy: Currently rented on a short-term basis (airbnb), however, in the process of securing long term tenants.Gross rent (for 1 tiny house): $14,400 annually ($1200 monthly)NOI (for 1 tiny house): $9,600 annually ($800 monthly)Expected Gross rent (for 2 tiny houses): $26,400 annually ($2200 monthly)Expected NOI (for 2 tiny houses): $18,000 annually ($1,500 monthly)Value of portfolio financed at 8% cap rate: $225,000Loan terms sought: 70-80% LTV loan size ($157k - $180k), 20+ year termAnticipated or actual appraisal issues: This is where one of the main problems lies.

The past two years I've grossed over $130,000 on the property I STR.

Though his gross income has improved substantially on paper from the horror 2020 days I’d still say he’s at 25% DTI front end.

It was $125k gross, and I used a lot of it to pay off debt.

I’m now scrambling to get 7 long term rental properties insured because of their gross incompetence.

Second, I received a request from State Farm today: Please provide the gross sales/receipts amount for the insured location(s) as reflected on their most recently completed tax filing or anticipated gross sales for the upcoming fiscal year.This strikes me as a little weird and perhaps I shouldn't jump to the conclusion that this info will be used against us (and result in a higher premium).

Gross.

Purchase price: $360,000 Cash invested: $22,000 3 unit home in Upton Marble Hill. 2 of 3 Units are rented and bringing in $2400 a month in gross revenue.