I think the answer is obvious that you should factor it in, but would love to hear from the BP Community.The more I learn about R/E investing the adage "you make money on the purchase" seems to be more and more true.

Call Amy Bonis (google her - I'm not allowed to give e-mail or link). 

Otherwise it will get messy eventually.From a conversation with a banker, my impression is that their bank will either look at 75% of gross rent (when you don't have a 1 or 2 year rental history), or 100% of what you reported on schedule E (which is rent deducted all repairs and things).

I e-mailed their legal department.

By doing that, it would put passive income on schedule E as opposed to schedule C which would decrease self employment tax right? 

I like that I can start with the BAH of an E-5 or higher, and back into the figures of what I can pay for a house, with taxes, insurance, capex. 

@Stephen E. sorry, I got confused on that last sentence - do you already have access to loans that aren't Freddie Mac?  

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Thank you guys.https://www.chicago.gov/city/e...https://www.chicago.gov/content/dam/city/depts/doh/covid/covid_19_protection_notice.pdf