In 2017, we want to try to qualify my husband as a Real Estate Professional.

If building wealth quickly is the priority, starting with an investment property or house hacking could be a smart move since it generates income and helps you qualify for future investments.

Qualified Landlord reason for termination.3.

Cons- depending on your personal financials, qualifying might be more challenging and the loan might not amortize over 30-years.Another alternative would be a business-purpose rehab loan (fix and flip/fix to rent).

However, there was no formal agreement or contract between us regarding the ownership or any financial details related to the property.

If all you do is own rentals for example, likely not qualified with a Solo 401(k).

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

If they have passive losses from the STR, they might be able to offset some of that W-2 income through the passive loss allowance or by qualifying as a real estate professional.

mDo you have to accept the first applicant that qualifies?

The seller will have reduced debt capacity because the existing note is still calculated as a debt - they MAY be able to include an offset equal to the buyer payments after a period of time, BUT often the seller is surprised to find they can not qualify to purchase another property3.