My income is over 150k so I’m not sure if claiming her as a RE professional will help us in the future.

The woman is generally more responsible, more consistent income (I know that most of the rest often comes from her), ambitious and does most of what it takes to keep the place looking nice. 

The mortgage will be a non-recourse loan, which means that your personal assets are not at risk if the borrower defaults on the loan.The overall BRRRR strategy involves buying a property with SDIRA funds, using a PML or HML for rehab, renting it out for income, refinancing to retrieve the initial investment and equity, and then repeating the process with the acquired equity.

hello everyone,  is there any banks or lenders of any sort that would give out loans on a paid off property if the owner has low income ?  

I like it long term because it's full of towns/cities where a family can buy a house and get ahead on normal incomes...kind of place where the teachers and firefighters are homeowners.

Background:Legal 3 Family home with long term tenants and  has other streams of income attached to the property off the books, so it cash flows very nicely.

I think it is safe to say everyplace in the country has a shortage of decent low income housing in the private sector. 

DSCR is calculated as gross income divided into full PITI.2.

My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.This is the first I had heard of this.

It really should only take about 10 years to replace your W2 income.