The loan programs for 1-4 units have more favorable terms depending on if you're buying with income with a conventional investment property loan or having the loan underwritten by the rents with a DSCR / rental property loan. 5-8 loans generally have tougher underwriting and the rates are higher if you're looking at DSCR loan options for 5-8 units. 

I have a tax question regarding how to report my rental income when my tenant made and paid for improvements and I am reimbursing them by lowering their monthly rent. 

Make sure you get your financial house in order first -- decrease debt, increase income, & maintain a good credit score.

He said he is willing to get creative with the structure.Asking Price is $1.5M, current gross income is $80k which he claims he could "easily" get it to $100k, but he likes sticking with his long term tenants.

We drafted, signed and notarized an "agreement related to ownership of real property" Stating ownership shares, and income splits. 

I hope this is helpful if anyone is looking for new software to keep track of their income and expenses for their rentals!

Does anyone have any recommendations as to an online school for the real estate license in TN?

tells me they've been getting calls from customers alright.Fourth, I looked through the mortgage contract fine print (see last photo) and found one reference to where the bank could require Annual Reports for net operating income, but nothing about requiring tax returns, requiring an annual personal financial statement, or anything about tacked-on interest rate bumps, other than delinquency.

Toledo has been all the income I will need, just takes a decade of re-investing the income before you are at a point of asking how much monthly income is enough.

According to online that town doesn’t seem like it’s growing.