Although I collect rental income from our long term tenants, the lenders consider it "Border Income" and will not count it.If I buy a STR, will the income generated from that count as income when qualifying for another mortgage?

So don't fall for their lies.3- I will secure and pay directly for ALL due diligence documents that the PML requires to make their decision (i.e. title search, inspection reports, etc.). 

So I am technically, an out of state investor, but only live 75 minutes away from the property (across the IL border), so I am planning to self manage.

We typically don’t allow dogs and we would be requiring a security deposit for it.

To you I say scroll in silence, in case you don't know what this means, it means don't reply.I'm securing million dollar deals, less talk and more action and perhaps you can too.

But I make a decent income plus I know there are many ways to secure financing.

We feel the current set up is not the most attractive, efficient and secure to either the owner or future customers.

Our lender told us that we have to have a tenant's first-month rent and security deposit before getting approved for another loan in the price range we want.

I know I need to do a final inspection and tell them to return the keys and I return the security deposit. 

(Must be in another area, lol).As an agent, and a property manager, (both specializing in commercial property), I would recommend the following only because seems like an off market property-1- Viewing the leases making sure current owner can sell as there is no ROFR.2- Any security deposits.3- Confirming tenants are paying with either an estoppel certificate or simple as viewing deposits. 4- I’m sure the title search will come up with CO on legal commercial with 4 Resi.