We’re looking for a few real estate agents in Lexington to fill a couple openings, so if you’re an agent I’d love to talk with you to see if you’d be a fit to start working with the investor leads generated by Biggerpockets.I was an agent in the program in Nashville for a little over a year, received over 350 leads which resulted in over $200k in commissions.

Generating passive income is a great way to build long term wealth, first off is the rental property in VA currently covering your mortgage, taxes, insurance, and property management?

If it is underwritten as a commercial loan the DTI requirement may be higher and they may consider income generated at the property itself.My expertise tends towards commercial loans so keep asking around if you are seeking conventional financing.  

Overall, though I think most property management companies are not equipped to handle AirBnB.One article I read years ago (prior to AirBnB) was about super-economic motel chains in Asia where each "guest" rented a recliner with a blanket and got a pair of ear plugs and an eye mask.  

Agree with Account Closed, I have a non-recourse loan from NASB for an income-generating property...they want the income to cover the payments.

Equipment (either personal or for the business)?

The initial LE is often just the lender's software-generated estimates, not actual fees from the actual settlement service provider(s).TLDR: Boxes A, B, and lender credit in box J, are the only things lenders have any say in.

If you own the property free and clear at 40 then you'll either have to refinance at the market rate then (who knows what it will be) or face a heavier tax burden because you'll only have depreciation to write off as there wouldn't be a mortgage to generate mortgage interest.  

Is it a good option for generating and converting leads?

I have decided I am going focus on wholesaling to generate cash.