Investing in passive income and venturing to other business ventures.

Best practice is to have equity that you can sell if this happens or you are positive your W-2 income, good credit and equity position will allow you to refinance fast to another lender in the future if this happens.

Hi Kostyas, I am in a similar situation as you but have avoided the substantial presence test so far.May I ask how your foreign income is treated in the US?

One element you must incorporate into your search is income predictability. 

Looking for some others experiences with rent income appraisal for qualifying a DSCR loan....

After that the owner has been deciding what they want with updating light fixtures, replacing super gross toilets, dilapidated cabs/vanities, cadet heaters, replacing ivory outlets/switches/plates with white, replacing blinds, 1/4 turn valves, etc.Project costs per unit range from $8k up to $31k (for nearly complete reno)What would you choose to maximize value?

So basically the application downloads my credit card and rental bank account transactions once a week automatically, then I take 5 minutes to tag each transaction with the matching property and then categorize with the expense/ income type.

I can see that this will do well in similar locations where rents are highest and people are looking for additional income.

The insights we've gained has fueled our passion and desire to make a positive impact in the real estate industry.At present, our focus is on building a portfolio of buy and hold rental properties to generate passive income.

@Matt LeberYou're mixing together two completely unrelated taxes: IRS income taxes and local property taxes.