Record $1.1 trillion in credit card debtthe total mortgage debt is more than double the 2006 peak and total credit card debt is up 50% since 2020.Also delinquency rates on credit cards and auto loans just hit their highest since 2008.

Sometime this year, my wife and I plan to get a primary residence using an FHA loan.

So, about the back-to-back loan thing, the interest part could be taxable income to you, but you might be able to avoid it if you structure things right. 

With commercial DSCR loans that have prepayment penalties, (could be similar with other products as well) if you make a principal payment before the pre payment penalty expires, it will trigger the fee.

You obtain the best loans from small local credit unions and banks aka portfolio lenders that hold the notes in house.

Since this would be considered your course of business because it is not a one off, you should also look into things like using 3rd party servicers etc. to maintain compliance.If you want to do it right, then yes use underwriters to review the loans and treat it as if you were Wells Fargo originating a loan to yourself.

Can you qualify with IRS income taxes, credit and 80% loan to value non owner in the future?

@Paul Malandrinos Well, I'm guessing you have a conforming loan under your name... 

The cost of the materials was $1,500, and including labor I’d estimate this cost me about $3,000.The property manager never ran this by me or gave me an indication these project would be completed.Our service agreement is clear that written consent is needed when costs exceed $1,000 and in this instance these were not repairs and requirements needed to rent the property.

Purchase price: $33,415 Sale price: $82,500 Fannie Mae House purchased with a construction loan to make imporvements and rented until sold in 2022.