My revenue for last year was $1M.

You can insure for loss of rent on your insurance policy, but there is usually a time or dollar limit on that & we have known of many instances where the work was not completed before the loss of rent coverage ran out. 

If you have been more than two payments past due or have been past due by two or more payments in the last 12 months, then the loan casefile is not eligible for delivery to Fannie Mae or Freddie Mac/ conventional loans.

I've had my own company for the last two years which makes it a little harder to get financing. 

For example, I set up a syndicate to purchase a 21 + acre tract of land located in a major mixed use development with the intention of holding 3-8 years until we were one of the last sites to be developed.  

I adquired 10 rentals in the last 2 years and Im purchasing a triplex in a couple days.

In my last post, we talked about how leasing occurred in scatter site single family home rentals in the olden days before Bluetooth and self-showing lockboxes.

So, the losses will be carried over year over year as Passive Allowed Losses (PAL).  

So, she could get a better rate on her auto loan - which is through a local hard money lending company that typically charges 25%+ interest rates on crappy cars that won't last the term of the loan.So, if you can't just look at the application data subjectively and without emotion, you should delegate it out.

@Amit Shukla the STR loophole allows you to take losses from passive investments and deduct them against active income by material participating in your property.