They are issued and signed at the same time as the original lease and are additive while an amendment is signed at a later time and revises what is existing.

My question regards how the lender is calculating income in the debt-to-income ratio based on the existence of the partnership.)If we treat the partnership as a standard business, our DTI is unfavorable:Net rental income: $7600Other income:        $3000Total:                   $10600Debt:                    $ 6000DTI: 57%A DTI of 57% is above their limit.However, since Net Rental Income excludes $1000 monthly depreciation (non-cash expense) and $2,400 interest expense (part of the proposed debt), we were initially told that they would add back depreciation and interest expense, leading to a monthly income of $14,000, and a debt-to-income ratio of 43%, and that DTI would pass muster.The loan went to underwriting on that basis, but underwriting decided that they couldn't add back depreciation and interest expense, since it's a K-1.

Do you perform an annual walk through of your unit each time an existing tenant renews a lease?

In this case, The owner has an existing mortgage, So my attorney will be structuring a "subject to" type of finance deal.

@Dale NuzumWhether the strategy makes sense or not will depend on a lot of details.As a means to utilize existing tax-deferred retirement savings to capitalize a business expansion, a ROBS would absolutely be the correct tool for the purpose.

I didn’t even know those exist!

Here is the link Real Estate Tools I use the iPad version of the property evaluator App to model all my new and existing properties.

I have read about things like no-doc loans, using assets as collateral for loans etc. and am just curious how that would work in a BRRRR'ing strategy or if you would hit a wall somewhere.No-doc seems a little unbelievable, hard to imagine they still exist.. do they?

In any rehab project, risk exists and using your home equity, credit cards, hard money loan, private money loan, or conventional financing does not change that risk.

Just need some advice on how to go about dealing with existing tenants/lease agreements.Thank you!