Hey Bigger Pockets community, I wanted to ask any fellow mortgage lenders if its possible for me to get pre approved if I've only started doing my taxes last year.

Fannie Mae loves there is this opportunity for the borrower to supplement their ability to repay the mortgage.

I was never looking for something to jettison my day job, which I like, just something that worked good as an investment and would supplement my pension.

@Robert GuntherYeah just kinda how it goes.Real estate is just a supply and demand - and what is a buyer and seller able to work out.The supply and demand part I feel is pretty obvious.However the what is a seller and buyer willing to work out - is simply who has the Leverage.If a seller is unmotivated, all a buyer can do is make an offer that the seller will accept.

Unless you plan to pay cash for your properties, get pre-qualified for an investor loan, so you will know how much credit you will have access to.The end goal - This is usually something like $10,000/Mo. income, in present value dollars.Time frame - The shorter your time frame to reach your goal, the more initial capital and credit you will need.Your plan does not need to be complex or in any specific structure.

I don't see where the 70% rule would work out in this market so I would not want to offer more than flippers would pay but I also would not want to be way under either and miss out on some good opportunities.  

Have been pre-approved for mortgage.

My strategy for screening tenants:List property with great photos and description—this is KEY to attracting your best potentials because it also helps you ask for at/above market.When you receive a lead, be sure to pre-screen.

How do you screen tenants (methods like Income verification, Credit Checks Approval/Pre-Approval)?

It was certainly lucrative pre-pandemic but I'm not sure now.