Recently started my own branch of a mortgage bank, but have been effectively self employed since 2020. 

Congratulations on reaching the third generation of investing—what an incredible legacy!

My last post talked about generating leads using a form created on a Facebook ad campaign I did couple of months ago which lasted 2 weeks. nothing panned out but I'm still determined to get, and close, my 1st deal.I've stepped up my efforts since then...I signed up for Carrot and built my online platform on there (peer feedback would be great - https://www.walkerhomebuyers.c...) and have started another, more detailed, Facebook ad campaign lasting 2 months.

Yes, this is becoming an increasingly common issue, especially among newer landlords or small property managers who may not yet have robust tenant screening systems in place.Here are some important things to know and do:Common Problems Newer Landlords Face:-Fake pay stubs or bank statements – Easily purchased online or generated by apps.

It happens sometimes, but usually you can spot it if you do your diligence and call the employer and previous landlord etc.

Quote from @Michael Steinbergen: Tax delinquency recordsI've heard that one way to generate leads is to view tax records for properties to see if someone might be behind or delinquent.  

Don't buy anything upfront, know what generates revenue for you first.

.📊 How DSCR is CalculatedThe formula is simple:DSCR = Net Operating Income (NOI) / Debt ServiceA DSCR of 1.0 means the property brings in just enough income to cover the mortgage.A DSCR above 1.0 means the property generates more income than needed—great for lenders.Most lenders look for a minimum DSCR of 1.2, though some may go lower depending on the deal.🏘️ Why Investors Love DSCR Loans✅ No personal income verification – perfect for self-employed or full-time investors.✅ Faster approvals – less paperwork, more deals.✅ Scalable – ideal for building a portfolio of cash-flowing properties.⚠️ Things to Watch Out ForHigher interest rates than conventional loansLarger down payments (often 20–25%)Property must cash flow well—no fixer-uppers unless already stabilized🧠 Pro TipBefore applying, run your numbers carefully.

Currently based in California, I’m on the hunt for a market that hits the sweet spot: meets the 1% rule, generates solid cash flow, and builds long-term equity.

This includes:- Rents- Section 8 rents- Utility bills- Pet Rent- Late Fees- Insurance policy refunds and claims- Security Deposit funds retained to cover unpaid rent & repairs- Etc.Then the PMC sends the owner the 1099-MISC and should send a P&L breaking down the income & expenses.The expenses should cover expenses paid on behalf of the owner:- PMC fees- Utility bills- Insurance premiums- Property taxes- Maintenance & repairs- Etc.The owner, or their tax professional, would then report the gross income from the 1099 on the appropriate tax form and then enter the expenses on the proper lines.Many PMCs make the mistake of only reporting the net amounts they sent to an owner on the 1099-MISC.https://www.irs.gov/taxtopics/tc414https://www.irs.gov/businesses/small-businesses-self-employe...