Whoever you consider working with in the future I highly recommend you thoroughly vet them, and that should include a visit to the market to meet with the team, see their work and the neighborhoods they invest in. 

Qualification for a Portfolio loan would be based on how cash-flowing the property is, so make sure to have a solid idea of gross rents received, along with the expenses for the property (including taxes and insurance, maintenance, landscaping, any landlord-paid utilities, etc.). 

My day-to-day tasks include in-depth market research, pro forma compilation, product programming, etc.

The property has 4B3B, including a 3B2B primary house and an attched 1B1B in law unit.

(b) Is engaged wholly or in part in the business of selling or exchanging interests or estates in real estate or businesses, including businesses' goodwill, inventory, or fixtures, whether or not the business includes real property, to the extent that a pattern of sales or exchanges is established, whether or not the person owns the real estate or businesses.

Maybe include in the contract an increase at year 2?

Hoping to connect with local agents including lenders.

I use Zillow which gives you results from Hotpads included.

We are currently using Quickbooks but I am wondering if there is any type of add-on or software that can be used to create reports that will show everything for a property including purchase price/current value/mortgage, etc. instead of just the income/expenses that are on the P&L.

Something that you should give him a heads up on before you do so.Then there is the situation that you may potentially be required to report the income and not the interest expense.If your income is above $150,000 - you may not be entitled to the rental deduction(which includes 50% of the interest expense); but you may be required to report 100% of the interest income associated with providing a loan to the business.