STRs can offer high rental income and flexibility, but they come with management responsibilities, regulatory challenges, and market fluctuations.

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.

I wasn’t sure what I need to do to be able to take my 1099 income and right it off with my long and mid term rentals?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Does anyone have a source for hardmoney or some type of house flipping loan they would recommend?

What bank in CT will lend me this no income verification Also my credit score is 750 and I only have 1 year of credit history. 

This way, you can have passive income coming in from multiple properties regardless of where you are living at the time.Ultimately, the best strategy for you will depend on your long-term goals, risk tolerance, and level of involvement you want in managing the properties.

I only received verbal information on annual income and credit score of the tenant.

@Ammon JensenFor this purpose I do not believe you can write this off, add on that you are paying ordinary income on the 10-12% which let’s say is 20% and after servicing you may actually be losing money every month.

Rates vary for commercial loans, your amortization might also be different - it depends on the bank though, but the appraisal and value of the building depends mostly on the operating income rather than comps.