The previous owner left the house completely full of belongings.

Purchase price: $175,000 Cash invested: $120,000 Sale price: $390,000 Full flip, sold 30k over asking price in 3 days!

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊 Yes - you should check out DSCR Loans, please see a full 10-part series list of resources below that should help!

You have 12 months from death of reverse borrower or you need to write to servicer of the loan for an extension which gets you 24 months. 

Also, the agreement specifies that if I buy a property through his service I'll be paying 3% commission in case the sellers broker doesn't split fees.

this is a pass full stop !! 

Looking forward to connecting with you.Hey Divya, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

My husband and I “retired” early did the whole sell everything and full time RV.  

I think the best and easiest way to get started is to use a servicing company.

Make it abundantly clear that you're a REALTOR who is going to get them full market price for the property.