It's obvious for my circumstances that for IRS purposes, I'm a flipper and am treated as Dealer Status.

Unfortunately there aren't any direct comps currently for rent in our town so I am having to get a bit creative to come up with a number.

Unfortunately, I’ve called 4 residential lenders, who have all said it doesn’t matter about the equity or rental income, it only matters what my w2 income is.

@Delante' Randolph,While you can (sometimes, under the best circumstances) wholesale a property that is listed, you really shouldn't be relying on that as a way to find deals. 

@Jeremy Hawkinson Yeah, unfortunately there are many people out there who view it that way which is what makes it so challenging to find reliable people to invest with that you can trust. 

Unfortunately for the landlords, it will be too late.

Just make sure you bank your cash flow for any unforeseen circumstances.  

Your lender unfortunately messed up.

Unfortunately, I have a friend who is going through a divorce and asked if I wanted to take over a share of his partners stake in their property.

Some help if you have...So I decided to take the conventional route and managed to save up a 20% down payment on the 150k-250k range of multifamily properties(2-3 unit preferably).The savings actually comes from the work I’m currently doing to help with the covid efforts or else it would take me about another year to save up this money again due to the good debt I have right now(5% interest on student loans).To get specific I’m looking at a 35-40% debt to income ratio right now solely from my student loans unfortunately.