In answer to your questions, investing to be have passive income. 

I would be collecting a fair flat rate late fee and enjoy the extra income.

@Daniela Beck How are you estimating income for Airbnb to arrive at if a property will be cash flowing 500/mo and a 15% COC?

Income verification, time at job, credit report, etc. are all important. 

Due diligence, leasing/income based contingencies, closing organization, documentation, title groups, broker responsibilities, among other things toward the middle and back end of the transaction.

I’m also curious what lenders would offer me for percentage on the down payments, I put 5% down on my current Hi Emma, If you put 5% down, it sounds to me that you bought your primary residence. the minimum down payment on investment properties is 15-20% down.DSCR financing does not require personal income or personal debt to qualify, rather you will qualify based on credit, experience, reserves, and the debt coverage ratio.

These strategic purchases form the foundation for a robust future, generating excellent passive income and equity.

What net income you show on IRS past two years.

Loans are not income.

This will help you figure out whether or not her partner even has the credit/income to support his portion of the rental payment. 1 - Yes make him fill out an application with conducting credit, income, employment check, etc. 2 - Yes.