Source of down payment funds, if applicable: own funds, secured borrowed funds (HELOC).Income Source: Salaried FTE W2 until 7/1/21, 1099 independent contractor (healthcare consulting for 2 years)Gross monthly income (optional): $6KMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $1,400FICO: 696Credit issues: One late payment on a card recently, currently owe $4,700 in cards.  

However, there is a way to bring them in as partners and treat them as preferred return partners and report the preferred return as guaranteed payments for use of capital. 

The loan from each quarter / semester made our credit report look like a mile long debt.

Would love feedback on initial pro formaView report*This link comes directly from our calculators, based on information input by the member who posted.

As long as 75% of the rental income minus the PITI on the investment property is a positive number, I believe that would add money to my reported income without worsening my debt (since the rental PITI isn't double-counted).

I suspect one of them is about adding a section (extra rooms, bathroom, extension to the basement) to the property (there is no description on the OPRA report, I plan to call the town to confirm).

The reason you can't deduct travel expense before identifying property is you report your every rental activity that you already own on schedule E.

And in general tip income is significantly under-reported.  

Just be careful that if it's on a property in your name (like your home), it will report to your personal credit.

Nothing about this was mentioned in the condition report.