A solid comprehensive contract is worth a lot!

., personal, family, or household purposes), which puts this loan squarely in the consumer loan category.

The third owner was combining households to save up money to by a bricks-and-sticks house.We’ve owned that last house three times now.

For example the last rental property we purchased we owe on it about $86K and if paid off would cashflow an additional $600 per month.Because of our household income I am worried that paying off properties would bring us into tax brackets. 

You could write something more comprehensive about your model.

If its 3 tenant sin the household all have to be on one lease agreement. 

Develop a comprehensive business plan outlining your strategy, target market, and expected returns to present an attractive proposal.5.

Is it demographics (new households) or new business formation?

I would encourage you to develop a bit more comprehensive long-term strategy and forecasting, so that the lender can see you have a realistic idea of what your revenues can look like throughout the year.

Household formation / housing supply has been a big driver of rents the last few years nationally.