Choose the right property: Look for a property that can generate enough rental income to your mortgage and expenses, ideally with additional flow.3.

There is no employment, income, or any debt income show on these applications.

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

Specifically discuss with your CPA the ability to deduct depreciation expense over time, allowing you to deduct a portion of the property's purchase price as a non-cash expense, meaning you can lower your taxable income and potentially lower your tax liability.In other words, you can reduce your taxes by writing off expenses from your total taxable income.

Yet, interest payment on mortgage offsets the rental income (I don't want to pay income tax on rent), and there is a chance of refi later.

@Derek HagglofHow much income does the wedding venue produce?

I meet all the criteria for material participation and average stay under 7 days so I would be looking at a nice tax deduction against my W2 income.

This loan is in place,   $300,000 loan guarantee fee to USDA for 70% guarantee

Passive income How did you find this deal and how did you negotiate it?

I simply dont think I would qualify for another mortgage given my new debt to income ratio.