Because if you pay rent to yourself as an expense of the LLC then you have rental income on you personally.

@Cliff Durrett  - thanks   1) family  2) friends  3) reitement account loan 4) personal loan from your bank 5) leverage a car  ( unlikely to obtain from a bank or credit union )  6) local bank / credit union 

To add some additional context I am currently 38 and I have not accounted for inflation in getting to my $11K number and I will explain why. 

But her name is not on the properties.As I understand, we don't get any advantage in the real estate losses against my W2 income.

Hey Yasin, Do you have 2 years of income to show?

My wife has an appt with her VRBO account manager tomorrow to hopefully find out more info.

@Tyler Ferguson It will be a little easier for your taxes and finances if you create a separate account for all of the property's income and expenses including the personal and rental part.

DSCR no income no doc is the best route to go and rates are competitive with full doc programs .

My ideal scenario involves acquiring a 2-4 unit property or a single-family home with an ADU, enabling me to leverage rental income to qualify for a larger mortgage.

google lolDebt service coverage ratio (DSCR): The DSCR is a financial metric that compares the property's net operating income (NOI) to the loan payments.