One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

I'm in the Tahoe Reno, NV market used to live in SLO CA and still have family down in LA and Temecula.  

We don't have a W2 and live on rental income.

I've narrowed in on some areas I personally enjoy and at first glance seem like they would be good STR markets in the PNW where I live.

I feel as though I'm a bit priced out of the multifamilies here (at least in the towns I want to live in). 

A lot of Delta Air Lines employees opt to live south of the city for easy access & less traffic to reach the airport.

Your title implied that you might not do that step.To your question, I think the first factor I had always taken into consideration is: do you live in the house?  

Hi Rigel,Welcome to the forums - I'm new here as well.House hacking is a great way to start - I'm not the first one to say this, but you have to live somewhere, so you may as well get a start on investing while you're at it.

Do you plan to live in one of the units or prefer to keep it fully as an investment?

Hi all,Can I use a FHA loan on a small multifamily (2-4 units), as long as I live in one of the units for at least 12 months?