Anyways, I was talking to our conventional financing lender about this next step, and she mentioned that unlike new residential loans, their company won't be able to use the income from the leases on the new apartment building until we file our taxes in 2019, and then they would use the income from our Tax Statement. 

Then, once each rental is done this way and applied to income or debt, they are going calculate your DTI and qualify or deny you based on the DTI requirements of that particular loan program (28%, 30%, 35%, 40%, 60+% back in 2005, whatever).The above underwriting method is know as "washing" the debt of each rental property with its income.Another way that they do it is they simply take the PITI of each property straight to the debt, and the rental income from each property straight to the income (usually also reduced to 75%); rather than washing it first.It is advantageous to the borrower's qualifications to "wash" the PITI with the rental income and then apply the remainder, whether positive or negative, to income or debt. 

As 'Real Estate' is widely expansive, I am specifically looking to take my first step and learn the fundamentals and basics.About Me:I'm originally from Courtice, Canada.

Also, have you tried those other methods like you?

@Graham Richard Anderson Search engine optimization and Google Adwords are by far the best lead generation methods.

I would like to supplement my FT corporate income with this method of real estate investing.

Here are the steps I am taking:1.

Fredy congrats on taking the first step towards real estate investing!

Or are you more reserved and methodically and want to patiently start to invest?

I feel the answers to these questions will provide solid ground for any newbie who is thinking "what should my next steps be".1) How much should a new flipper expect to come out of pocket for when doing first couple of flips?