If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.

We have newbies and very seasoned investors in the group and the sole purpose is to help people with their properties, whether that is sourcing & qualifying markets, set up, trouble shooting or building a network of go-to resources.

I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).

Vet some PMs, tell them your situation, and get a very qualified one to get you out of it.Going forward, either learn how to detach yourself from this nonsense or enter an asset that does not require human interaction.

Was not able to rent it and selling was a challenge as high interest rates reduced the number of qualified buyers.

Get pre-qualified for a loan and look for a multi-family to purchase instead of a single-family. 4.

Not an issue for everyone ( mine is 800) 3 For down payment  there are  down payment savings plans ( I have an IDA) In addition there may be additional 1st time or income qualified grants available  ( in my area its up to 60k- if the funding is avail) Also non IDA savings and gifts ( from what I hear) could be used.

Hi Jim, if the property isn't being used as a STR currently, certain DSCR lenders can use data like AirDNA to qualify for financing.

Multiple stipulations to qualifying but if one does their due diligence, it’s fairly straight forward.

660 and above should qualify you for DSCR.