Then we take time to review proof of income documents, picture ID, check landlord references, etc.

I rent every room in my house out that my kids are not in so that brings me  1500.00 more I get 1000.00 from the trust only but grateful I get it  and I have another rental I covertly rented for 1700.00 I am actually working on two more rentable places in basement and a tiny home I got a good deal on to rent as well.that will bring my income to almost 7500 a monthI have a resource to get 140,000 k as long as long provide a house to them they can rent for the rest of their life,they are sick and we talked the terms out as he will sign the house over upon death.

I would suggest a few things: 1. don't make repetitive log entries every day " managed rental, did calls" copied and pasted 50 times likely would be thrown out in an audit for example. 2. make sure you are materially participating in your rental activities. 750 hours is not enough, you need to pass the second test of material participation in the rental activities to turn that activity from passive to active and claim the deductions on your active income. 

Adding that extra unit will reduce your risk since you are adding another income stream to a property you already own.

Finding creative ways to earn side income.

Non-QM loans are designed to accommodate borrowers with non-traditional income sources or those who may not meet the typical requirements of conventional mortgages.Here are some steps you can take to find a lender who might be a good fit for your needs:Mortgage BrokersLocal Banks and Credit UnionsReal Estate Investment GroupsOnline Mortgage PlatformsProfessional NetworkReal Estate Networking EventsWhen communicating with potential lenders, be transparent about your self-employed status, income, and financial situation.

Most of the time it is qualified by income, typically you need to make 80% or less of the area median income of where  you currently live. 

My main source of income is a full time W-2 job with a custom home building company (S-Corp).

It adds to the tenant's pain, and reduces mine.

I am a high income professional blessed with a schedule which allows for significant time off I'd rather spend with my family and hopefully investing rather than selling real estate for the commission (I'd rather work extra at my job).