Especially in the current environment where new traders on Robinhood are buying options willy-nilly, it's like taking candy from kids.

Anthony, incredible feedback.

And the lack of W-2 income would likely be a deal killer for a residential lender anyway.That being said, the interest rate environment is such that commercial loans are pretty darned competitive right now, and commercial lender is going to look primarily at the performance of the property being purchased.

It looks like you've done an incredible amount of work on this property!

You can see why being able to nail an analysis like this as an agent is incredibly valuable to real estate investors.

@Leonard Sanford Jr you should be excited, once you cover all your expenses with passive income the freedom you have is incredible and this is a step in that direction.

The deferred maintenance was significant- 3/4 of the roof needed replaced, the hallways were incredibly dirty, 3 vacant units that needed complete rehab, residents had anything from holes in their ceiling to faucets shut off because they were leaking so badly, landscaping overgrown and/or dead, and the entire building smelled like cigarettes and urine.

Originally posted by @Eric Weldon-Schilling:In a country where there is a homelessness crisis, a pandemic, and people are being forced out of neighborhoods because of investors buying all the houses, leaving a perfectly good home vacant is incredibly unconscionable, immoral, cruel, and evil. the fact that you own it outright and don’t have a mortgage just makes it worse.

The appreciate has been incredible over the last few years.

This would be incredible for my situation if this is how it works. 5) Because I have no source of consistent income, would I be able to add my parents to the loan and use their income to compensate for the DTI requirement?