Could be...you won't know until you ask around.Try knocking on some doors and introducing yourself and your intentions...get e feel for the neighbors/neighborhood and the dog situation.

Jason E.

Just know it's 75% of the gross rents OR a 1 or 2 year average of your Schedule E (rental income in your tax returns) after accounting for 75% of gross rents.

@Eric MillerThe IRS does not care about the loan product that you have.The IRS just wants you to properly classify mortgage interest as a Personal Residence mortgage interest (Schedule A) vs Rental Property Mortgage interest(Schedule E).Best of luck! 

@Jane Kai they will ask that you provide them with a fully executed annual lease that will begin once you close, in order to offset your debt to income ratio, before issuing your clear to close.

If two identical properties in two different locations produce the same NOI, but trades at a 6 Cap and the other at a 7 Cap cap, axiomatically the 7 Cap is more risky since the market has demand a higher return for that asset. 

You’re not going to get real “business credit” until you have been for a while, more than a year, and have actually created a steady flow of income and track record along with some trade accounts.  

Coming from a newby investor here, what are some of things that experienced investors do during the Rehab stage of the BRRRR method? Obviously the goal is to maximize the refinance amount, so what are some improvement...

Hi, I have a duplex rental for 4 years but I have never set up an LLC, so I claim that as passive income on the schedule E.

*Before I get attacked* lol - yes, we’ve successfully executed both ^^