My mom has poor credit and about $30k in revolving debt, so it would be difficult for her to qualify alone.We would both prefer to hold the property, but the risk of tight cash reserves is concerning, especially if the rehab costs exceed our budget.Legal ConsiderationsIf we decide to proceed, we’re also weighing how to best structure this deal:LLC and DSCR: Would it be better to put both of us into an LLC and use it to apply for a DSCR loan?

Once I confirm income and rental history, Rent Spree invites the applicant to apply via email and the applicant pays for the cost of the screening.

I sold some properties, paid off those mortgages and took all the excess proceeds and applied it to other mortgages.

Your combined personal tax rate of 30% could apply to state and federal taxes depending on jurisdiction.

Your eligibility applies to owner-occupied and investment properties, but you will want to check with a lender who is a specialist in VA loans.

I went section 8 because I felt I was getting slightly more than market rents (for quality of home), and it would more than offset my annual inspection repair list that is mandatory.EVERY tenant I ever had apply for my rentals was a single mother with 2-3 kids.  

@Ari Lagunas I would chose the 95% OO loan over the higher FHA LTV due to fha sustainability rules (applies for more than 2 units), fha stringent criteria regarding condition, and fha rules regarding PMI.  

I'm sure that with some hard work, applying Dave Ramsey's snowball strategy along with my Real Estate investments, I'll be able to pay off all my loans sooner rather than later.

Im no means an insurance agent but I recommend you talk to yours asap...however....In general, business income loss coverage typically applies only when the underlying cause of damage is covered by your policy.

The terms and conditions of this lease will continue to apply.”My point is that the Notices section directly above it states: “NOTICES: Any notice which either party may or is required to give, may be given by mailing the same, by certified mail, to Tenant at the premises, or to Owner at the address shown in Section 2.