As a bartender it was very hard to get a loan because I needed a 2 year history of tips to count them as income.

The bank will count 75% of your new rental income as additional income for your new loan.  

I've heard from the lender and from others on BP that I need to rent for two years until a lender will count rental income.Can someone help me understand this rule better?

If they are all on the same block, that doesn't count, of course.It's all about what you like to invest in. 

The first property I bought at this SEC university for 270k is a 5BR that currently rents for $2750/month and should provide 15-17% cash on cash returns not counting equity from future sale.  

The carry back counts as lien against the property.

I am sending out feelers to try and get a count of how many people will be showing up.

Built 1961 as senior housing45 bedroom septic9.45 acres 80,000 passing car count in front daily12k rental incomeAsking 1 mil.Owner purchased in 1965 with initial plan to build 40 houses but zoning laws?

This looks to be a pretty mediocre deal because you seem to be counting on the appraisal coming in at 115k, but it may not work that way.  

I can give some interesting insights into some of the deals we've done, and what types of real estate we like to own.Basically, we like to buy properties on major suburban roads with excellent visibility and traffic counts.