LindaMost statutes don’t allow you to collect double rent, the previous tenant would need to be pro-rated back for that portion of time you let the new tenants occupy. 

By renting out one unit, I covered a significant portion of my mortgage, reducing my monthly housing expenses and easing financial pressure.2.

Check out this BP article on BRRRRs and how DSCRs come into play for the refi portion.

I am looking to put some sweat equity into a colleagues development portion of his business.

S8 Challenges:1) Voucher holders not having funds for application fees or security deposits2) Tenants trashing properties, killing ROI3) Tenants not paying their portion of rent or utilities4) Tenants not cooperating with ongoing S8 requirements or inspectionsAlso, you stated in your initial post that you'd be buying turnkey rentals.

This can significantly reduce your overall debt burden and improve your financial stability.Benefits:Debt Reduction: By paying off significant portions of your credit lines and settling your mortgage, you can substantially lower your debt.Improved Financial Standing: Restructuring your debts through this refinancing option can improve your credit score over time and enhance your financial outlook.Avoid Foreclosure: Settling your mortgage can help you avoid the negative impacts of foreclosure, providing you with an opportunity to retain your property.

This can easily result in a situation where some states never collect tax revenue and other states collect more than they deserve due to mis-allocation of passive losses.For NC, it doesn't appear that the state tax code addresses this situation."17 NCAC 06B .3904 TAXABLE INCOME OF NONRESIDENTS AND PART-YEAR RESIDENTS(a) Nonresidents and part-year residents shall prorate their adjusted gross income, adjusted as required under G.S.105-153.5 and G.S. 105-153.6, to determine the portion that is subject to North Carolina tax.""

Portions of the Catskills & Adirondacks are good locations, as well as Saratoga (if you can find an affordable property).

@Christina Hernandez If I were in this position I would consider leveraging a portion of the equity to buy another property.

Credit Unions can be great but you're at the mercy of their individual guidlelines and old school Underwriting "gut checks".We(Lower.com), offer HELOCs on investment properties and 2nd homes, we go off of the "Agency Definition" of a 2nd home which is "occupied for some portion of the year".