I am very curious at the STR loophole for tax purposes.

Using a 1031 Exchange we were able to defer capital gains taxes and upgrade to the VRC.

From favorable lending rates to tax benefits for homeowners, these policies are designed to encourage buying and selling activities.

Real estate can provide a more tangible asset and potential for rental income, but it requires more management and can be less liquid.

She came out of a recent divorce with close to $1M liquid and a credit score in the 800's, has history as a successful GC/landlady, but after liquidating her previous rental properties due to divorce 2 years ago, no longer has recent income.

What I have done in this situation is I acquired the property and then had the individual sign a long term renewable lease and the cost was $1/yr + the costs of insurance and taxes. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Services for survivorsHarriet's Hope is open to any individual — no matter their gender identity or sexual orientation — who has experienced human trafficking or chronic homelessness, meets CMHA's income guidelines for a housing voucher and is ready to make a commitment to sobriety, Kendall said.Most residents will be identified through the Salvation Army, but referrals can come from anyone, anywhere, she said.What sets the community apart from others is that the services residents need are embedded within it, Kendall said.Services include substance abuse disorder treatment by Alvis, case management through the Salvation Army, gender-affirming case management through Kaleidoscope Youth Center, a computer lab furnished by Dell, a food pantry, nutritional services, financial literacy classes, peer support, employment readiness programs, legal aid, health screenings, child care and more.Residents will start out with a one-year lease before going month to month, Kendall said.

.- Have a set of rental criteria you are looking for and compare against that criteria, like minimum ratio of income to rent, minimum credit score, etc.

You would have some additional flexibility and often they won't worry about your W2 income if you think that might be an issue, as well as your credit.Certainly a lot to consider, happy to connect and talk through your options if you would like!