Obtaining a loan if you're taking time off from work?
Hi - I've been looking at commercial RE (multifamilies) for a while now and originally was going to wait to take time off until after getting everything invested, but I realize that will probably take longer than I thought. Essentially I'm self-employed and work from home, been doing it for a long time, am sick of it and want to shut it down. I've saved enough $ such that living off the rental income would be easy (once invested), and in the meantime, I don't spend much $ so this wouldn't effect my finances much.
Essentially I was wondering how this might affect my ability to get a loan? Obviously if I stop working now, this wouldn't be reflected on my tax returns for a year or two, though I'm guessing it would come into play somewhere.