Separately — and this is a more minor gripe — it was complicating my tax situation to pay state and local income taxes in a place I didn't live anymore.I pitched to my parents that I would sell the place and roll it over into a comparable property closer to where I live.

Best part, their client was self-employed and submitted fraudulent tax returns (yes, we proved the fraud with an IRS Form 4506).Even though ALL PMCs were slammed in this post, we're not going to slam all agents.

Document every unauthorized guest and calculate what the rent income would be.

Here's a breakdown for a rent-by-the-room investment property in Denver: - 6 beds/ 3 baths- Purchased in March 2024-Monthly Income: $5,300: Master: $1000; 2 large bedrooms upstairs $900; 2 bedrooms in basement: $850 and one small bedroom for $800-$300 Reserves-$3500 Mortgage Payment-avg $500 in utilities=$1000 in monthly cash flow! 

I bought a SFH in Canton Ohio last year with the goal of making it a MTR due to the location (STR is NOT an option due to regulations but it is close to various hospitals) and the 4-car garage (makes for a lot of options).Long story short is I quickly acquired 2 other properties right after and spent all my focus setting these 2 properties up for doing the STR loophole for tax purposes (which was a complete success!). 

We use quickbooks online to track our time, payroll, and income and expense tracking. 

My goal of becoming a broker is two fold:  1) Build a career with high earning potential   2) Use that income paired with the knowledge I would gain to invest. 

Insurance may be 1.25-1.5% of the value of the house. taxes are low.On the operating cost side, electricity may cost double what you are used to.Just my thoughts. 

If not, what are other creative financing types that do not require income verification (or limited verification)?

Eventually you want to have enough passive income to quit the hustle of being an agent.