My credit score is excellent and I pull in around 70k gross (rental $ on first property included) but my husband’s score is just okay so not sure if I should add him to loan applications?

STR management usually kills the profitability of the investment. 20-40% of gross is pretty typical.

Which are way out of my budget.A few home details:- Unit 1 - 1,040 Sq Ft Gross Living Area - Unit 2 - 1,820 Sq Ft Gross Living Area- Owner Occupied- First time owner- Not looking to bundle with auto at the momentThank you!

I own half of a duplex which is rented out to 2 diferent tenants ($2280 monthly gross rent).

After about 75 leads sourced from several third party sources, 3 actual rental tours, and 3 serious applications, I finally approved an applicant 30 days later (on Dec. 2nd) that met all of my expectations -- fair-to-good credit, monthly gross income of at least 2.5 times the rental rate, no evictions, at least a two-year work history, and no history of major criminal background -- careful with that one!

Most small self managed investors can achieve the conditions (see below):“Rental real estate activities are your only passive activities.You do not have any prior year unallowed losses from any passive activities.All of the following apply if you have an overall net loss from these activities:You actively participated (defined later) in all of the rental real estate activities;If married filing separately, you lived apart from your spouse all year;Your overall net loss from these activities is $25,000 or less ($12,500 or less if married filing separately);You have no current or prior year unallowed credits from passive activities;Your modified adjusted gross income (defined later) is $100,000 or less ($50,000 or less if married filing separately); andYou do not hold any interest in a rental real estate activity as a limited partner or as a beneficiary of an estate or a trust.”My question revolves around part f above.

A 3 unit of 1 bed apartment will gross the same as a duplex with 3 or 4 bed units.

The property is essentially turnkey with less than $10-15k of potential work needed, and expected gross income of $4900-$5400.

The property is essentially turnkey with less than $10-15k of potential work needed, and expected gross income of $4900-$5400.

Consistently grossed $55k-60k every year until Covid.