conventional financing wont work without income. so your in great shape.. find owner deals.

They wont find the people who can actually do the jobs they need done in Little Rock Arkansas or Tupelo Mississippi.

well it won't work as a rental. you did rent - PITI only, once you factor in the rest of your expenses it'll be negative AND that's assuming your mortgage of 5% which will be more like 5.75% with todays rates. 1. you wont' get the subsidized rates with Fannie without a W2. you can get a asset loan, but the terms are going to be ugly. 2. rental income won't count for a bank until 2years on your schedule E and they will know you're living in it making the income moot3. this property can be collateral, but it sounds like you're going to be maxed out on LTV from this loan. banks think in terms of position of default.

However in my market, you probably wont get an offer accepted with one.

I wont be able to do it every day for obvious reasons, but it should save me a bunch on gas and help me hit my health goals as well.What I expect: Honestly, I have no flipping clue. 

I'm worried we wont qualify if its based off of income and not the property.

Cant find any contractors most are busy and most of them wont get back to me about anything.

I don’t suffer threats from tenants... as I said, I am in the minority.

hey guys so i have an updated analysis here. basically what we have here is a NMD deal through a VA loan. im currently under contract with the building. inspection was completed where we found we need a new roof, recieved 13,000 credit. although after going much more in depth with this property i am starting to get cold feet and worried about these numbers. i will be moving on from my current 3 unit into this one, as it wont cash-flow with me under the roof is not a big deal, it not cash flowing after i move onto the next one has me pulling my hair out trying to alter these numbers to make this property work. see link belowhttps://www.biggerpockets.com/buy_and_hold_results/797038

H4HRestore wont remove the items.. you have to drop it off to them.