The thought is that conventional loans require the DEBT to be counted but for some reason most assume the INCOME does not count. and of course it does count.

Normally there're restrictions on these losses, and REPS can defeat these limitations, providing that you qualify for REPS.Self-employment tax applies to net income.

All of your taxable income for that calendar year gets counted in the calculation, not just what you’re earning when you actually make the conversion.

Not counting on the rates to go back to 2%-3%, but if you are buying a deal right now and you can buy it with a DSCR or a full documentation loan.

The only other option is make the nails part of the design and first impressions count!

To qualify for Real Estate Professional Status (REPS), your hours need to come from activities directly tied to your own rental properties—like acquiring, managing, leasing, coordinating repairs, or handling tenant and bookkeeping tasks—while unrelated work doesn’t count.

The time you spend in STR doesn’t count toward REPS.

I would not count on getting an extension on a loan with a balloon or bullet.

It would have made an incredible sober living home based on bed / bath count, layout, location etc. 

If you got a good one, I'd promise it at lease (year) renewal, and put it in writing so he feels comfortable about it.I feel if you have a good property and a good tenant, you should have a quality paint job.Hint - Use Behr 'Marquee' from Home Depot....really heavy pigment count, one coat cover (usually) and easy cleanup.