These are coming in the 6-9% interest range.Another possibility will be an Non QM alt doc loan, but you will still have to prove qualifying income.

Well DC and the higher income suburbs don't have as dramatic of swings.

Hey everyone,for many reasons, I didn't process income tax for the last 3 years of my LLC.

I don't focus on residential or TK but when looking at those properties and areas look at various companies  and compare and contrast risk versus benefit.In those bad areas to find a good property manager you might have to pay 10 to 12% or more management fee as the tenant is more intensive and more difficult to protect the income stream.

Welcome to bp @Akiewole WilliamsLots of those homes are most likely in lower income areas The other side of that is there are lots of landlords in those areas that make great returns It's up to us as investors to decide how much risk we are willing to take on Make sure you set up your keyword alerts to Roanoke Also the bp meetup is this Wednesday evening at 645 Grandin colab on grandin road In Roanoke Look forward to meeting you thereGood lucj

So, my numbers look like this:$1,580/month income$400 "lease" payment to Owner$80 Lawn/Snow$60 Trash Pickup$90 Water/Sewer$125 Electric$125 Propane for Hot Water$150 Maintenance $250 Property Tax$50 InsuranceShould leave a net cash flow as-is of $250/month.

Looking to start flipping to supplement my income.

What I mean is that they will look at you personally, your credit, income etc.

Even though I'm making more money than I've ever made in my life and my credit score is excellent - I don't qualify until I have 2 years of self employment income to show for it. 

I help and show people how to create streams of income so they can start building a retirement real estate portfolio.