This will identify major issues with the property and give you an idea of any large capital expenditures needed and maybe give you some negotiation leverage.

The most common strategy is to use the existing equity to put into another downpayment and buy another property - this provides an effective use of leverage as you are expanding your portfolio.

You would leverage more and some people don't like doing this.

Now, I own a wholesaling company based in Tampa Bay, and we do deals throughout Florida so feel free to reach out with any questions. 

The lender used the potential future rent as leverage for us.

I try and take as little profit as possible as im only 22 and im looking to grow but almost every mortgage company/bank needs 1-2 years of W2 I qualify for that as of now but how in the future do you do it without W2?

My main source of income is a full time W-2 job with a custom home building company (S-Corp).

This can be a strategy to leverage your existing property for further investment.While your current debt-to-income ratio may not be ideal, working with a knowledgeable mortgage broker can help you explore loan options that consider your entire financial picture.

Hi,I am in the process of putting a property in San Antonio for sale and I am looking for some staging company suggestions.

House hacking during the pandemic was a smart move, and it's great to see you leveraging your experience to pursue your goals.All the best!