@K.

Quote from @Steve K.: You couldn't pay me to take a property in a D area.

Hey @Farooq K., so here are the regs around STRs in Chandler - https://www.chandleraz.gov/business/tax-and-license/short-te...I am assuming that you want to rent the entire triplex so it will require more down. 25-30% like others have pointed out.

Quote from @Jon K.: Quote from @Ken Chud: Has anyone had any success executing BRRR in or around Baltimore city and County? 

On the other hand, insurance and mortgage interest are very high...interest is 50% of rental income.Mike, I just took a look, in case there is a typo from my CPA, not sure but if it were, instead of 23,000 its suppose to be 13,000, will I owe more in taxes, as I will owe 10 k for the year already, I have a W-2 job.  

The value of the house as is, without improvements is 270k, so that means there is at least 230000 k of Equity in the home.

I think doing something similar to you ie 500 K liability & 2 Mil umbrella would have been better.

The value of the house as is, without improvements is 270k, so that means there is at least  230000 k of Equity in the home.

The end of last year I agreed to purchase a property out of the area for 30 K. 

The 8825 will be the bulk of what generates the K-1 that passes through to your 1040.I've been filing my own LLC returns for 11 years and have never done a Sch E with those assets.