Rental Income as Qualifying Income?

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I am new to real estate and hear two opposing things about whether you can use rental income to qualify for a loan.


My understanding of the BRRRR Strategy is that you can claim 75% of the rental income to qualify for the loan when you refinance, yet some people say that in order for rental income to be counted as income you have to have been a landlord for 2 years.

Are both true in different scenarios? Can someone explain the differences?

At my local bank, the lender does use the 75% of rental income to qualify for the loan and would accept 1 year as a landlord with a newly signed 1 year lease = 2 years technically.