Note the part about all contract, options, or other devices employed to permit an unlicensed person to sell, etc.

Banks typically require a DCR of 1.2, the Heeren Method employs DCRs of anywhere between 2-3.

So long as your 1099 employment is in the same line of work as your previous W2 job, then you may have a good shot.

Don't forget the tax benefit of owning the extra property. ( more depreciation)Borrowing from your 401k (if it's allowed by your employer) you can borrow up to 50k or 1/2 the value, whichever is less.

In my limited experience and thought, a duplex vs. two SFRs don't make for too many differences. 8 doors vs 2 SFRs, seems to create more contrast.

Try and see it from a potential mentor/employer's perspective.

Because I'm recently self-employed, I wasn't able to get pre-approved for a loan large enough to do anything useful with.

I'm trying to grow my portfolio but don't have any money for a down payment nor the ability to get a mortgage since I'm self employed.

I am self employed and curious as to my lending options.I file my taxes and claim all my income and make my deductions.I will be using 2021 and 2022 tax returns.I am 100% owner of an LLC S-Corp.My self employed income starts in 2021 and my LLC was founded January 2022.I have a business credit card and bank account.My income when working is consistent and predictable.

I am self employed and curious as to my lending options.I file my taxes and claim all my income and make my deductions.I will be using 2021 and 2022 tax returns.I am 100% owner of an LLC S-Corp.My self employed income starts in 2021 and my LLC was founded January 2022.I have a business credit card and bank account.My income when working is consistent and predictable.